Copper price crawls calmly below the average – Analysis – 03-12-2019

Copper price began a clear negative moves to reach below the moving average 55 recording 2.6140 level, note that the continuation of the stability at 2.7000 confirms the price surrender to the bearish correctional bias domination, to keep waiting for surpassing 2.6000 level, to target the critical support at 2.5125.

Stochastic decline to 20 level confirms gaining a strong negative momentum, that allows it to resume the negative decline until achieving the suggested target.

The expected trading range for today is between 2.6500 and 2.5500

The expected trend for today: Bearish