Copper price continues to crawl positively – Analysis – 23-09-2020
Economies.com
2020-09-23 05:25AM UTC
Copper price lost its negative momentum due to stochastic reach below 50 level, to notice its approach from the minor bullish channel at 3.0050, we recommend the neutrality as these is a chance for the price to decline below the current support by facing repeated negative pressures, to avoid any losses that might be caused by changing the main trend.
note that the price success to decline below the current support and holding below it will force the price to form strong negative trading, to suffer several losses that might begin at 2.9200 and 2.7600.
The expected trading range for today is between 3.0600 and 2.9600
The expected trend for today: neutral
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