Copper price suffers big losses – Analysis – 6-7-2022
Economies.com
2022-07-06 05:13AM UTC
Copper price succeeded to break 3.4900 level, to reinforce the domination of the bearish bias, noticing suffering big losses by reaching 3.3400, achieving the targets mentioned in our previous report.
Stochastic negative momentum signals will increase the chances of forming new bearish waves, to attempt to reach 61.8% Fibonacci correction level at 3.1400 as a next main target.
The expected trading range for today is between 3.4500 and 3.1400
The expected trend for today: Bearish
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