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Copper price approaches the support – Analysis – 20-10-2022
Copper price continued to provide the negative trades to approach 3.2700 support line, hinting its surrender to the domination of the bearish bias until this moment, as the stability of the moving average 55 above 3.5200 barrier confirms blocking trades within the bearish track, to increase the chances of breaking the current support and reach the next negative target at 3.1300 direct.
Also, stochastic increases the chances of gathering the additional negative momentum to agree our negative overview and achieve the required break.
The expected trading range for today is between 3.3500 and 3.2100
The expected trend for today: Bearish
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