Copper price continues the decline – Analysis – 28-1-2020
Economies.com
2020-01-28 08:01AM UTC
Copper price surrendered to the bearish bias domination by providing repeated negative closes below the resistance at 2.6900, to notice suffering big losses by hitting 2.5790 level.
we expect the continuation of providing main indicators by the negative momentum, renewing the negative attempts to target 2.500 level initially and breaking it might extend the trading to 2.4500 in the medium period.
The expected trading range for today is between 2.6400 and 2.5500
The expected trend for today: Bearish
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