Copper looks for an outlet – Analysis – 3-1-2017
Economies.com
2017-01-03 08:08AM UTC
Copper price repeated forming sideways trading, in spite of providing some positive momentum by the main indicators to keep its stability below the resistance at 2.5700, which increases the possibility of forming negative attack in the upcoming period by reaching the support at 2.4200, to begin recording some negative targets by reaching 2.3000 and 2.2200.
While the price rally to breach the current resistance will open the way towards recording some positive targets by reaching 2.6600 and 2.7300.
Expected trading range for today is between 2.4200 and 2.5700
Expected trend for today: Sideways
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