Copper price surrenders to the moving average negativity – Analysis – 22-6-2020

Economies.com
2020-06-22 05:11AM UTC

No change to Copper price chances to form negative trades, surrendering to the stability of the moving average 55 near 2.6200 barrier, which allows us to wait to gather the additional negative momentum that allows it to record the negative targets at 2.5000 and 2.4530.

 

We remind you that succeeding to breach the barrier will bring the price back to the correctional bullish track, to keep attempting to record the positive targets at 2.7100 and 2.8080.

 

The expected trading range for today is between 2.6200 and 2.4530

 

The expected trend for today: Bearish

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