Copper price repeats the negative fluctuation – Analysis – 22-1-2020
Economies.com
2020-01-22 07:54AM UTC
Copper price still affected by the negative pressure to notice providing additional negative trades and reach 2.7700 level, while the negative pressures caused by the stability of the bullish channel’s resistance at 2.8800 besides stochastic reach to the oversold areas as appears on the chart.
These factors reinforce the bearish scenario for the near term trading, waiting to achieve new negative correctional targets that might extend to 2.7200 followed by 2.6950.
The expected trading range for today is between 2.8400 and 2.7200
The expected trend for today: Bearish
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