Copper price attempts to cover some losses – Analysis – 7-7-2022
Economies.com
2022-07-07 05:34AM UTC
Copper price touched new negative level yesterday by reaching 3.2750, to rebound towards 3.4900 and attempt to cover some losses, affected by stochastic exit from the oversold areas.
We expect to form some temporary positive waves to allow the price to move towards 3.6300 followed by attempting to renew the negative attack, to increase the chances of achieving the main target at 3.1300 in the near term period.
The expected trading range for today is between 3.6000 and 3.3000
The expected trend for today: Bearish
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