Copper price lacks the positive momentum – Analysis – 6-1-2022

Economies.com
2022-01-06 05:57AM UTC

No change to copper price sideways trades due to the lack of the positive momentum, to fluctuate near 4.3300 support line, thus, we will keep waiting to gather the positive momentum and manage to renew the positive action that targets 4.5200 followed by 4.6200 levels.

 

Note that facing frequent negative pressures and the attempt to decline below the mentioned support will force the price to postpone the bullish attack and start suffering many losses by moving towards 4.2750 and 4.1850 levels.

 

The expected trading range for today is between 4.3300 and 4.4400

 

The expected trend for today: Bullish

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