No change to Copper price trades – Analysis – 4-7-2018
Economies.com
2018-07-04 06:12AM UTC
No change to Copper price, as it continues to consolidate within the bearish range to notice recording 2.9000 level yesterday, while the stability of the initial resistance at 3.0300 confirms the continuation of the negativity, to keep waiting to move towards 38.2% Fibonacci correction level at 2.8500, and breaking this level will extend trading towards 2.7000.
We notice that stochastic attempts to form new bearish wave to approach 20 level and increase the chances of providing the required negative momentum to resume the suggested negative attack.
Expected trading range for today is between 3.000 and 2.8500
Expected trend for today: Bearish
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