Copper price tends towards the negative correction – Analysis – 18-1-2021
Economies.com
2021-01-18 06:08AM UTC
Copper price surrendered to the frequent negative pressures to notice crawling below 3.5800 support line on last Friday and attempting to rebound towards 3.6100 now, expecting to gather negative momentum to increase the chances of moving towards 3.5000 followed by attempting to test 3.4000 support line before any new attempt to resume the bullish attack.
The expected trading range for today is between 3.6400 and 3.5000
The expected trend for today: Bearish temporarily
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