Copper price attempts to regain the positivity – Analysis – 20-1-2021
Economies.com
2021-01-20 06:10AM UTC
Copper price continued to face stochastic negativity by settling above 3.6000 support line, while confirming the bullish scenario requires breaching 3.6700 to reinforce the bullish attempts that might target 3.7300 and 3.7900 levels.
On the other hand, declining below the current support and providing negative close below it will force the price to suffer many losses in the near term period by moving towards 3.4800 followed by reaching the next support at 3.4000.
The expected trading range for today is between 3.6000 and 3.6700
The expected trend for today: Sideways
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