Copper gains new momentum – Analysis – 16-11-2017
Economies.com
2017-11-16 07:50AM UTC
Copper price provided new negative close below 61.8% Fibonacci correction level, to confirm its affection by the domination of the expected bearish bias, besides gaining new negative momentum by stochastic stability within the oversold level, which assists confirming the bearish correctional attempts, that target 2.9500 level reaching to the bullish channel’s support at 2.8800.
Expected trading range for today is between 3.1000 and 2.9500
Expected trend for today: Bearish
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