Copper price touches the moving average – Analysis – 17-6-2021
Economies.com
2021-06-17 05:31AM UTC
Copper price continued its correctional decline yesterday to face the moving average 55 that reinforces the stability of the bullish channel’s support line at 4.2200.
The upcoming scenario depends on the strength of the mentioned support line, to expected renewing the bullish attempts to breach 4.4000 and reach 4.5500 initially, while breaking this support will confirm moving to the bearish track, to suffer many losses by moving towards 3.9200 and 3.7200 levels.
The expected trading range for today is between 4.2200 and 4.4000
The expected trend for today: Bullish
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