Copper price settles below the barrier – Analysis – 31-5-2021

Economies.com
2021-05-31 05:12AM UTC

Copper price kept its stability bellow 4.7000 barrier until this moment, to continue postponing the bullish attempts and increase the chances of achieving correctional negative targets now.

 

Note that it is important to gather the negative momentum to ease the mission of declining towards the negative stations around 4.5000 and 4.37000.

 

The expected trading range for today is between 4.7000 and 4.5000

 

The expected trend for today: Bearish

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