Copper price still below the resistance – Analysis – 20-1-2023
Economies.com
2023-01-20 06:24AM UTC
Despite copper price recent sideways trades, its frequent stability below the bullish channel’s resistance line at 4.3200 and stochastic continuous negative momentum signals provide chances to start the correctional bearish track, to keep waiting to target 4.0500 initially.
On the other hand, succeeding to breach the resistance confirms moving to the bullish track again, to attempt to target new positive stations that might start at 4.4200 and 4.6000.
The expected trading range for today is between 4.3000 and 4.0500
The expected trend for today: Bearish
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