Copper price seeks a chance to resume the positivity – Analysis – 18-7-2019
Economies.com
2019-07-18 07:26AM UTC
Copper price still confined within tight range recently, represented by the bullish channel’s support line at 2.6400 and the moving average 55 that forms resistance barrier at 2.7400, while the consolidation within the bullish channel allows us to wait to gather strong positive momentum to manage to breach the current barrier and start recording new positive targets that might start at 2.7800 and 2.8500 levels.
The expected trading range for today is between 2.7400 and 2.6600
The expected trend for today: Sideways
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