Copper price presses on the support – Analysis – 22-6-2022

2022-06-22 05:01:56 GMT (Economies.com)
 

Copper price continued to provide weak sideways trades to settle near 3.9300 support line in order to find a way to resume the previously suggested negative attack, reminding you that the stability of 4.1800 barrier forms major factor to reinforce the negative attempts, which allows us to wait to achieve the required break to open the way to reach new negative stations that might start at 3.8000 followed by reaching 61.8% Fibonacci correction level at 3.6800.

 

The expected trading range for today is between 4.1000 and 3.8000

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0499
-0.0091
0.8618%
1.2185
-0.0120
0.9770%
22.611
-0.546
2.360%
72.614
-8.861
10.876%
77.82
0.63
0.82%
1783.345
-12.215
0.680%
 
 
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