Copper price might decline – Analysis – 29-5-2020
Economies.com
2020-05-29 07:50AM UTC
Copper price started to activate the negative attempts, affected by the stability of 2.4530 barrier that blocks the correctional bullish track, forcing the price to form negative attack to press on 2.2650 support line.
Also, stochastic exit from the overbought areas increases the chances of gathering the negative momentum, to suggest the bearish bias until touching the mentioned target.
The expected trading range for today is between 2.4530 and 2.2605
The expected trend for today: Bearish
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