Copper price faces the negative pressures – Analysis – 13-1-2021
Economies.com
2021-01-13 06:24AM UTC
Copper price succeeded to hold above 3.5500 support line until this moment, attempting to face stochastic negativity and renew the bullish attempts by settling near 3.6300, expecting to form sideways fluctuation now until gathering the positive momentum that will allow the price to resume the positivity and target 3.7900 in the upcoming period.
We remind you that attempting to decline below the current support will force the price to form strong negative attack and suffer big losses that might extend to 3.4000 and 3.2400 levels.
The expected trading range for today is between 3.5600 and 3.7200
The expected trend for today: Bullish
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