Copper insists to regain the negativity – Analysis – 16-6-2017
Economies.com
2017-06-16 08:37AM UTC
Copper price provided new negative close yesterday below 2.5800, to settle within the bearish channel that appears on chart, while the moving average 55 attempts to confirm the negativity by consolidating above the price to increase the chances of breaking 2.5200 level and reach new negative targets that start at 2.4300.
Stochastic renews the attempts to form negative wave, attempting to provide new negative momentum to ease the attempt to reach our waited negative targets.
Expected trading range for today is between 2.5800 and 2.4300
Expected trend for today: Bearish
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