Copper price awaits the negative momentum – Analysis – 22-12-2021
Economies.com
2021-12-22 05:51AM UTC
Copper price didn’t provide any new negative attack, affected by stochastic contradiction against the continuous stability below 4.3625 barrier, to continue forming sideways fluctuations near the moving average 55.
Therefore, we will keep waiting to gather the additional negative momentum to manage to hold within the bearish track followed by waiting to achieve the main targets by moving towards 4.1800 and 4.0400 levels.
The expected trading range for today is between 4.3300 and 4.1800
The expected trend for today: Bearish
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