Copper price resumes the decline – Analysis – 25-5-2023
Economies.com
2023-05-25 06:56AM UTC
Copper price continued to react to the negative factors, represented by the negative stability below 3.7500 barrier, in addition to the negative momentum coming by the major indicators, to notice its approach to the main target at 3.5000.
Note that succeeding to break 3.5000 and providing negative close below it will open the way resume the negative attack and suffer new losses that might start at 3.4300 and 3.2500 levels.
The expected trading range for today is between 3.6500 and 3.5000
The expected trend for today: Bearish
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