Copper price takes breath – Analysis – 26-2-2021
Economies.com
2021-02-26 08:07AM UTC
Copper price lost the positive momentum after recording 4.3730, due to stochastic exit from the overbought areas, to start taking breath and provide some negative correction by touching 4.2000 level.
We remind you that it is important to settle above 3.8800 support line that confirms the continuation of the positivity for the upcoming trading, thus, we expect crawling towards 4.1200 soon followed by starting to form new bullish waves to assist to record the positive target at 4.4200.
The expected trading range for today is between 4.1200 and 4.4200
The expected trend for today: Bullish
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