Copper price surrenders to the major indicators’ contradiction – Analysis – 8-1-2020
Economies.com
2020-01-08 07:19AM UTC
Copper price did not move until this moment, to settle around 2.7800 level, surrendering to the contradiction between the major indicators, reminding you that the frequent consolidation below 2.8400 barrier will increase the chances of forming negative trades that might push the price to record some losses by moving towards 2.7000 to press on 50% Fibonacci correction level.
The expected trading range for today is between 2.8400 and 2.7000
The expected trend for today: Bearish
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