Copper is limited again – Analysis – 3-2-2017
Economies.com
2017-02-03 09:06AM UTC
Copper price was affected by the sideways domination again by providing new negative close below 2.730 resistance, confined between the current resistance and 2.5700 support again, thus, we recommend monitoring the price behavior until breaching one of these levels to detect the next trend.
Stochastic forming for bearish wave to increase the negative pressure on the price, and force the price to fluctuate between the major levels.
Expected trading range for today is between 2.7300 and 2.5700
Expected trend for today: Sideways
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