Copper price revives – Analysis – 21-3-2019

Economies.com
2019-03-21 07:47AM UTC

Copper price succeeded to confirm the positivity by forming bullish wave to surpass 2.9300 barrier, which confirms the price revive, expecting to move towards 2.9700 now, while the continuous positive pressures will extend trades towards 61.8% Fibonacci correction level at 3.0200.

 

Stochastic bullish rally and approaching 80 level forms the major factor to reinforce the bullish attempts by providing new positive momentum and increases the chances of reaching the waited targets.

 

The expected trading range for today is between 2.9300 and 3.000

 

The expected trend for today: Bullish

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