Copper price prepares for new decline – Analysis – 23-3-2020
Economies.com
2020-03-23 08:30AM UTC
Copper price hinted keeping the bearish bias domination due to providing new negative close below 2.0700 that represents additional barrier against the negative trades, thus, we will keep our bearish overview that targets 2.000 followed by reaching the historical support at 1.9200.
Note that stochastic crawl towards the oversold areas reinforces the negative track by providing additional negative momentum and eases the mission of reaching the previously suggested negative targets.
The expected trading range for today is between 2.0800 and 1.9210
The expected trend for today: Bearish
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