Copper price awaits the break – Analysis – 29-6-2022
Economies.com
2022-06-29 05:15AM UTC
No news for copper price until this moment, to continue providing sideways trades, affected by the stability of 3.6600 support line that hinders the attempts to resume the waited negative attack.
Note that the frequent stability below 50% Fibonacci correction level that forms additional barrier at 3.9300 and the negative momentum from the major indicators reinforce the negative track, to keep waiting to achieve the break followed by targeting new negative levels that might start at 3.5300 and 3.4100.
The expected trading range for today is between 3.8600 and 3.6300
The expected trend for today: Sideways
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