Copper price repeats the positive closings – Analysis – 8-9-2020

Economies.com
2020-09-08 05:20AM UTC

In spite of the weakness of Copper price last trading, but the continuation of providing positive closes within the bullish channel supports our bullish suggestion, which targets 3.1200 level reaching 3.3000 resistance.

 

we should confirm that the stability of the current main support at 2.9100 is important to confirm the trading confinement within the bullish range, note that the continuation of stochastic fluctuation within the overbought level will ease the mission of gathering the required positive momentum for achieving the suggested targets.

 

The expected trading range for today is between 2.9700 and 3.1200

 

The expected trend for today: Bullish

 

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