Copper continues to decline – Analysis – 26-3-2018
Economies.com
2018-03-26 07:41AM UTC
Copper price touched the initial negative target by reaching 2.9500, confirming its affection by the bearish bias domination in the upcoming period, gathering new negative momentum by stochastic reach to the oversold level makes us prefer more of the negative trading, targeting 2.8500 level reaching to 50% Fibonacci correction level at 2.7000.
The stability of the initial resistance at 3.0500 is important, which confirms the price confinement within the negative range, to shrink any attempt for testing the critical resistance at 3.1000.
Expected trading range for today is between 3.000 and 2.8500
Expected trend for today: Bearish
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