Copper price settles within the bullish channel – Analysis – 5-10-2021
Economies.com
2021-10-15 09:14AM UTC
Copper price confirms regaining the bullish bias by consolidating above the bullish channel’s support line at 4.5400 now, noticing its bullish rally to record the previously suggested target at 4.6450.
The frequent stability within the bullish channel and getting additional positive momentum by stochastic allow us to expect the continuation of forming the bullish attempts, to attempt to achieve new targets that might start at 4.8100.
The expected trading range for today is between 4.5800 and 4.8100
The expected trend for today: Bullish
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