Copper price seeks new momentum – Analysis – 20-1-2020
Economies.com
2020-01-20 07:46AM UTC
Copper price lost its positive momentum yesterday by stochastic decline below 50 level, to provide temporary sideways fluctuations by settling near 2.8400.
Note that the main stability above the key support 2.7000 along with the moving average 55 extension above this support confirm blocking the price within the bullish range, to keep waiting to gather new positive momentum and ease the mission of reaching the additional positive targets represented by 2.9000 and 3.0200 levels.
The expected trading range for today is between 2.8000 and 2.9000
The expected trend for today: Bullish
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