Copper price still bullish – Analysis – 28-3-2019
Economies.com
2019-03-28 07:58AM UTC
The sideways fluctuation didn’t affect the positive stability of Copper price, as it keeps moving above 2.8300 support line, noticing the stability of the moving average 55 around this support line, to confirm confining the price within the bullish channel that targets 2.9300 followed by 3.0200 levels.
On the other hand, declining below the major support and providing negative close will confirm changing the main trend to start targeting many negative levels that start at 2.7700 followed by reaching 23.6% Fibonacci correction level at 2.7210.
The expected trading range for today is between 2.8300 and 2.9300
The expected trend for today: Bullish
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