Copper price seeks the additional momentum – Analysis – 1-2-2023
Economies.com
2023-02-01 05:32AM UTC
Copper price provided temporary positive rebound yesterday, affected by the main stability within the bullish channel, to postpone the correctional bearish attack and settle near 4.2000 due to the lack of the additional negative momentum.
We remind you that it is important to hold below the additional barrier 4.3000 to increase the chances of gathering the negative momentum to manage to reach the next correctional target at 4.0200.
The expected trading range for today is between 4.2500 and 4.0200
The expected trend for today: Bearish
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