Copper price still limited – Analysis – 12-2-2019

Economies.com
2019-02-12 08:19AM UTC

There is no change on Copper price’s sideways trading, due to its repeated confinement between the bullish channel’s support at 2.7600, while 2.8460 level keeps forming an obstacle against the bullish rally, and the contradiction between the main indicators reinforces the intraday sideways trading until the price success to detect the bullish attempts, which targets surpassing the barrier to reach 2.9360 and 3.0300.

 

The expected trading range for today is between 2.7600 and 2.8400

 

The expected trend for today: Sideways

 

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