Copper price postpones the bullish rally – Analysis – 5-3-2021
Economies.com
2021-03-05 08:27AM UTC
Copper price surrendered to stochastic negativity to decline below 4.0900 and settles within the bullish channel again, noticing achieving the first correctional target at 3.8800, expecting to face more negative pressures to reach 3.7400 followed by testing the key support 3.5300.
Therefore, we will suggest the negative fluctuations temporarily until reaching the mentioned targets followed by monitoring the price behavior in case reaching the key support, due to its importance to detect the next main trend.
The expected trading range for today is between 4.1000 and 3.7500
The expected trend for today: Bearish temporarily
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