Copper price still negative – Analysis – 29-1-2020
Economies.com
2020-01-29 07:46AM UTC
Despite Copper price facing some positive pressures caused by stochastic rally above 50 level, its frequent fluctuation below the main resistance 2.6800 today confirms the continuation of the previously suggested negativity.
Therefore, we will keep our bearish overview that requires gathering new negative momentum to ease the mission of reaching the negative targets at 2.5500 and 2.4500 levels.
The expected trading range for today is between 2.6400 and 2.5500
The expected trend for today: Bearish
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