Copper price tests the support – Analysis – 20-10-2021

2021-10-20 04:44:16 GMT (Economies.com)
 

Copper price forced to form bearish correctional rebound to test the bullish channel’s support at 4.5700, the stability of this support reinforces the continuation of the positivity, to expect gathering positive momentum, resuming the bullish attempts to target 4.8100 reaching 4.9400 level in the medium period.

 

The continuation of suffering negative pressures and reaching below the current support, so that will confirm exiting the bullish track, to suffer several losses by its decline to 4.4700 reaching to 4.3300. 

 

The expected trading range for today is between 4.6000 and 4.8100

 

The expected trend for today: Bullish conditioned by the stability of the support.

 

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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