Copper price extends towards key support – Analysis – 17-3-2020

Economies.com
2020-03-17 07:39AM UTC

Copper price took advantage of the frequent negative pressures by forming strong negative wave, to record many negative levels and face the extension of key support at 2.3260, while the price might form some sideways fluctuation until gathering new negative momentum, noting that succeeding to break this support will open the way to target more negative levels that might start at 2.2630 and 2.2000 levels.

 

The expected trading range for today is between 2.4500 and 2.3000

 

The expected trend for today: Bearish

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