Copper price confirms the negativity – Analysis – 22-11-2019

Economies.com
2019-11-22 10:04AM UTC

Copper price confirmed its surrender to the correctional bearish bias by providing negative close below the moving average 55 to support the attempt to crawl towards 2.5400.

 

Also, stochastic fluctuation below 50 level will increase the chances of gathering the additional negative momentum to confirm the attempt to crawl towards 2.5400.

 

The expected trading range for today is between 2.6440 and 1.5720

 

The expected trend for today: Bearish

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