Copper price seeks new momentum – Analysis – 9-7-2018
Economies.com
2018-07-09 06:49AM UTC
Copper price ended its last negative attack by reaching 2.8200 level, to start forming some positive rebounds due to lacking the negative momentum, while stochastic release from the oversold areas might force the price to show bullish rally in the near term period to test 2.9500 level followed by repeating the negative attempts that target 2.7500 mainly.
Therefore, we will suggest the positive fluctuations until the price succeeds to gather the required negative momentum, waiting to touch 2.9500 level to form the waited target of the near term trading.
Expected trading range for today is between 2.8000 and 2.9500
Expected trend for today: Bullish Temporarily
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