Copper price hits the initial target– Analysis – 26-9-2022
Economies.com
2022-09-26 05:27AM UTC
Copper price continued to provide negative trading in the last period, reaching the initial target at 3.3000 due to the continuation of providing negative momentum by the main indicators, besides the repeated negativity below the extra barrier near 3.6500.
We expect resuming the negative attack now to reach 61.8% Fibonacci correction level at 3.1300, note that breaking this barrier will open the way towards targeting new negative stations in the upcoming period that begin at 2.8600.
The expected trading range for today is between 3.400 and 3.1300
The expected trend for today: Bearish
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