Copper price breaks the support – Analysis – 17-9-2021
Economies.com
2021-09-17 05:16AM UTC
Copper price returned to break the bullish channel’s support line and settles below it, to reactivate the bearish trend scenario that targets 4.1500 followed by 4.0685 levels as next main stations.
Surpassing the moving average 55 will reinforce the chances of achieving the mentioned targets, noting that it is important to hold below 4.3330 to continue the expected decline.
The expected trading range for today is between 4.1500 and 4.4000
The expected trend for today: Bearish
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