Copper price resumes the bearish correction – Analysis – 16-6-2021
Economies.com
2021-06-16 05:25AM UTC
Copper price surrendered to the negative pressures by resuming the correctional attack, to notice crawling below 4.4000 level and confirm the preparation to test the bullish channel’s support line at 4.2200.
Stochastic reach to the oversold areas forms main factor to confirm the bearish scenario, urging us to monitor the price behavior in case reaching the targeted support to manage to detect the next main trend.
The expected trading range for today is between 4.4000 and 4.2100
The expected trend for today: Bearish
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