Copper price repeats the positive closings – Analysis – 6-9-2021

Economies.com
2021-09-06 04:22AM UTC

Copper price continued to fluctuate positively within the bullish channel, due to the stability of the major support at 4.2660, also, we notice that the moving average 55 consolidates near this support line, to confirm blocking trades within the bullish track.

 

Therefore, we will keep waiting to gather the additional positive momentum to manage to form bullish trades in order to reach the positive stations, located near 4.4200 and 4.5500.

 

The expected trading range for today is between 4.2800 and 4.4200

 

The expected trend for today: Bullish

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