Copper price might postpone the decline – Analysis – 21-6-2022

2022-06-21 05:22:07 GMT (Economies.com)
 

Copper price failed to break 50% Fibonacci correction level at 3.9300 to form new support against the negative attempts and force it to form temporary sideways fluctuation.

 

We expect to continue forming sideways trades until gathering the additional negative momentum to manage to hold below 4.1800 level, waiting to break the current obstacle to ease the mission of reaching the additional negative stations by moving towards 3.8000 and 3.6800 levels.

 

The expected trading range for today is between 4.1000 and 3.9300

 

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The expected trend for today: Sideways

 
 
 
  Symbol Last Change Chg.%
1.0517
-0.0073
0.6914%
1.2205
-0.0100
0.8165%
22.448
-0.708
3.059%
75.974
-5.501
6.752%
81.42
-1.25
1.51%
1777.455
-18.105
1.008%
 
 
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