Copper price settles below the resistance – Analysis – 13-1-2020

Copper price confirmed keeping the negative attempts by providing new negative close below 2.8400 resistance until this moment, thus, we will keep waiting to gather new negative momentum to manage to renew the pressure on 2.7500 level, which breaking it will ease the mission of reaching the next correctional target at 2.7000.

We should note that attempting to breach the current resistance will push the price back to the main bullish trend, to expect targeting many positive levels that start at 2.9000 and 3.0200.

The expected trading range for today is between 2.8400 and 2.7500

The expected trend for today: Bearish