Copper price resumes the decline – Analysis – 20-6-2022
Economies.com
2022-06-20 05:05AM UTC
Copper price still affected by the frequent negative pressures, forming new negative wave to approach 50% Fibonacci correction level at 3.9300, which formed the first main target for the bearish track.
Note that forming continuous barrier at 4.1800 and the stability of stochastic within the oversold areas will increase the chances of breaking the current obstacle in order to reach new negative stations that might start at 3.8000 and 3.6800.
The expected trading range for today is between 4.0500 and 3.9000
The expected trend for today: Bearish
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