Copper price awaits the additional momentum – Analysis – 25-11-2019
Economies.com
2019-11-25 07:16AM UTC
Copper price lost the negative momentum to form new sideways trading by fluctuating near the moving average 55 at 2.6400, reminding you that the frequent stability below 2.7000 barrier allows us to wait to gather new negative momentum and manage to form strong negative trades until reaching the main target at 2.5470.
Stochastic rally above 50 level confirms the domination of the temporary sideways bias until getting a chance to gather the additional negative momentum followed by waiting to reach the waited target.
The expected trading range for today is between 2.6440 and 2.5470
The expected trend for today: Bearish
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