Copper price touches the target – Analysis – 8-1-2021
Economies.com
2021-01-08 08:35AM UTC
Copper price trades extended towards the second positive target at 3.7000, to confirm surrendering to the bullish bias domination and increase the chances of resuming the bullish attack to target 3.7900 that might form solid barrier against it in the upcoming period.
Note that stochastic continuous fluctuation within the overbought areas along with 3.6100 level forming additional support will confirm the preparation to resume the rise and wait to reach the mentioned next target.
The expected trading range for today is between 3.6500 and 3.7900
The expected trend for today: Bullish
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