Copper price succeeds to breach – Analysis – 26-6-2020
Economies.com
2020-06-26 09:02AM UTC
Copper price succeeded to breach the moving average 55 and hold above it, to confirm the preparation to resume the correctional bullish attack, expecting to gather new positive momentum to rally towards 2.7100 that forms the first positive target followed by attempting to test the bearish channel’s resistance at 2.8000.
We remind you that crawling below 2.6000 might postpone the correctional bullish attack and force the price to suffer some losses by moving towards the initial support at 2.4530.
The expected trading range for today is between 2.6000 and 2.7100
The expected trend for today: Bullish
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