Copper confirms the negativity – Analysis – 23-3-2018
Economies.com
2018-03-23 08:51AM UTC
Copper price provides new negative close below the broken support to form new resistance at 3.0750 and confirm the continuation of the negativity for the upcoming period, while the consolidation of the moving average 55 around the mentioned resistance confirms blocking the price within the negative range and increases the chances of achieving additional targets that start at 2.8500 followed by 2.7000.
Stochastic fluctuation within the oversold areas allows the price to get additional momentum now and paves the way to resume achieving the waited targets.
Expected trading range for today is between 3.0700 and 2.8500
Expected trend for today: Bearish
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