Copper price still bullish – Analysis – 22-12-2020
Economies.com
2020-12-22 06:55AM UTC
Copper price lost the positive momentum yesterday, to form temporary correctional bearish rebound and approaches the bullish channel’s support line at 3.5200, reminding you that it is important to settle above this support to increase the chances of renewing the bullish attempts and target new positive levels that might start at 3.7000 followed by 3.7900.
On the other hand, facing additional negative pressures and attempting to crawl below the current support will postpone the bullish attack and suffer many losses by moving towards 3.4600 followed by reaching 3.4015 support area.
The expected trading range for today is between 3.5200 and 3.6300
The expected trend for today: Bullish
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