Copper price repeats the negative attempts – Analysis – 5-4-2023
Economies.com
2023-04-05 06:07AM UTC
Copper price repeated the negative closings below 4.0200 level, affected by the negative pressures caused by stochastic reach to the oversold areas, noticing the price consolidation below the MA55 at 3.9500, to increase the chances of targeting additional correctional stations that might extend towards 3.8500 level, while breaking this obstacle might push the price to suffer additional losses by moving towards 3.7000 in the medium term period.
The expected trading range for today is between 4.0200 and 3.8500
The expected trend for today: Bearish
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