Copper is slow – Analysis – 28-4-2017
Economies.com
2017-04-28 09:20AM UTC
Copper price provided slow trading in the current week due to its repeated neediness to the negative momentum to settle near the moving average 55 at 2.5800 level, reminding you that the main suggestion will remain bearish if the main resistance settled at 2.6150, waiting until gathering the negative momentum that allows it to record the suggested targets at 2.4300 reaching to 2.300.
By the above image we notice stochastic attempt to surpass the overbought level, which announce ending the positive pressures, opening the way towards gaining the required negative momentum to confirm the upcoming trading.
Expected trading range for today is between 2.6150 and 2.4300
Expected trend for today: bearish.
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