Copper price holds above the support – Analysis – 6-1-2023

Economies.com
2023-01-06 08:43AM UTC

Copper price ended the negative rebound by providing new close above the additional support 3.7000, to notice providing bullish rally and attempt to reach 3.9000 obstacle, to continue assuring the importance of breaching the current obstacle to confirm moving to the bullish track and start recording more targets by moving towards 4.0500 and 4.3000 levels in the near term and medium term period.

 

The expected trading range for today is between 3.8000 and 4.0500

 

The expected trend for today: Bullish

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