Copper price takes a breath – Analysis – 7-2-2019

Economies.com
2019-02-07 07:49AM UTC

Copper price attempted to take a breath by achieving the target at 2.8450, forming an intraday negative rebound to 2.8720, we expect forming a sideways trading in the near period trading, note that the stability of the main support at 2.7500 is important until gaining new positive momentum, which assists the price to surpass the current barrier and resuming the targets that are located at 2.9000 and 2.9360.

 

The expected trading range for today is between 2.8000 and 2.8450

 

The expected trend for today: Sideways

 

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