Copper price takes advantage of stochastic positivity – Analysis – 5-8-2022
Economies.com
2022-08-05 08:07AM UTC
Copper price resisted the negative pressures recently to keep the positive stability within the correctional bullish track, to consolidate above 3.3500 and take advantage of stochastic positivity to rally towards 3.5200.
The continuous positive momentum will reinforce the chances of resuming the correctional bullish attack, to keep waiting to achieve the targets near 3.6300 followed by reaching 38.2% Fibonacci correction level at 3.8500.
The expected trading range for today is between 3.4500 and 3.6300
The expected trend for today: Bullish
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