Copper price begins to decline – Analysis – 31-1-2023
Economies.com
2023-01-31 05:54AM UTC
Copper price started to react to the negative pressures by forming new bearish wave yesterday, reaching 4.1450 level, noticing that 4.3000 level continues to form additional barrier, which increases the efficiency of the correctional bearish track to keep waiting to reach the next negative target at 4.0200, which breaking it will open the way to attempt to test the bullish channel’s support line at 3.8800.
The expected trading range for today is between 4.2300 and 4.0200
The expected trend for today: Bearish
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