Copper price still bearish – Analysis – 22-9-2021

2021-09-22 04:52:16 GMT (Economies.com)
 

Copper price started to provide some correctional bullish trades, affected by the strength of 4.000 support line, in addition to stochastic exit from the oversold areas, thus, we expect more positive fluctuation until succeeding to gather additional negative momentum to manage to renew the main bearish attack that might target 3.8750 in the near term period.

 

The risks of the attempt to breach 4.4200 resistance line will open the way to achieve positive gains that might start at 4.5100 and 4.6300.

 

The expected trading range for today is between 4.2800 and 4.000

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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