Copper price settles above the support– Analysis – 9-10-2019
Economies.com
2019-10-09 08:59AM UTC
Copper price is forced yesterday to provide some of the bearish correctional rebound, approaching from the critical support at 2.5500, the stability of the support confirms its readiness to renew the bullish attempts, to wait for reaching 2.5900 level reaching to 38.2% Fibonacci correction level at 2.6200.
Stochastic surpass to the oversold level reinforces our bullish suggestion in the current period by providing a new positive momentum, to increase the chances for reaching the waited targets.
The expected trading range for today is between 2.5500 and 2.6200
The expected trend for today: Bullish
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