Copper price tests the support– Analysis – 23-10-2019
Economies.com
2019-10-23 06:38AM UTC
Copper price formed a temporary bearish wave to test the support at 2.6110, affected by the main indicators negativity, such as stochastic exit from the overbought level.
And the stability of the current support is important to increase the chances for renewing the bullish attempts, targeting 2.6945 level as an initial positive station, while breaking the current support will cancel the positive overview, which makes the price begin forming a strong negative trading, to suffer several losses by reaching 2.5750 and 2.5500.
The expected trading range for today is between 2.6100 and 2.7000
The expected trend for today: Bullish
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