Copper price loses the positive momentum – Analysis – 7-12-2022
Economies.com
2022-12-07 05:42AM UTC
Copper price continued to provide mixed trades due to the lack of the positive momentum, to settle near 3.8000 level without achieving any new positive target, expecting to confine trades between 3.8500 resistance and 3.7000 support, to confirm the surrender to the domination of the sideways bias.
Resuming the bullish attack requires gathering new positive momentum to assist to breach the mentioned resistance and start targeting the positive stations near 4.0500 and 4.1800.
The expected trading range for today is between 3.7000 and 3.8500
The expected trend for today: Sideways
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