Copper price repeats the negative closes – Analysis – 02-12-2020

Economies.com
2020-12-02 06:28AM UTC

Copper price repeated providing negative closes below the resistance at 3.4100, to decelerate the bullish attempts, to reinforce the chances for begin forming bearish correctional rebound in the near and medium period.

 

gathering negative momentum is important to make the price reach to the correctional stations that are located at 3.3000 and 3.2100.

 

The expected trading range for today is between 3.4100 and 3.3000

 

The expected trend for today: Bearish

 

 

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