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Copper price keeps the positivity – Analysis – 30-12-2021

2021-12-30 06:05:38 GMT (Economies.com)
Copper price keeps the positivity – Analysis – 30-12-2021
 

No change to copper price bullish track, due to the frequent stability above the moving average 55 at 4.3300, while the intraday negativity is caused by stochastic exit from the overbought areas, which allows us to suggest more sideways fluctuation until gathering the additional positive momentum to manage to resume achieving the positive targets around 4.5200 and 4.6200.

 

The expected trading range for today is between 4.3300 and 4.5200

 

The expected trend for today: Bullish

 
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