Copper price surrenders to the negative pressures – Analysis – 18-6-2021
Economies.com
2021-06-18 07:40AM UTC
Copper price surrendered to the frequent negative pressures to postpone the bullish attack and settle near the moving average 55 at 4.1500, expecting the continuation of the correctional bearish track effect due to the stability of 4.4100 barrier, to increase the chances of suffering additional losses that might extend towards 3.9200, to test the bullish channel’s support line that appears on the chart.
The expected trading range for today is between 4.2950 and 4.0600
The expected trend for today: Bearish
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