Copper price loses the negative momentum – Analysis – 16-5-2022
Economies.com
2022-05-16 04:56AM UTC
Copper price lost its negative momentum by stochastic rally above 50 level, to force it to form a temporary rebound towards 4.1800, which forms the extra barrier against the negative trading.
Forming sideways fluctuation until gathering the negative momentum, to ease the mission of resuming the negative attack to repeat the attempts of reaching the negative stations near 3.9300 and 3.7000.
The expected trading range for today is between 4.2200 and 3.9300
The expected trend for today: Bearish
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