No news for Copper price – Analysis – 5-5-2021

Economies.com
2021-05-05 06:02AM UTC

Copper price did not record any additional target due to the lack of the positive momentum, while the frequent stability above 4.4200 support line supports the bullish overview for the near term and medium term trades.

 

Succeeding to gain the positive momentum will allow the price to form new bullish waves to press on 4.5500 followed by extending trades towards the main stations at 4.6400 and 4.8500 levels.

 

The expected trading range for today is between 4.4000 and 4.6400

 

The expected trend for today: Bullish

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