Copper price threats the positive stability – Analysis – 2-8-2019

Economies.com
2019-08-02 07:34AM UTC

Copper price surrendered to the negative pressures to notice crawling below the bullish channel’s support line at 2.6200, attempting to start forming negative trades, while in case gathering new negative momentum and getting negative close below this support will start suggesting the negative domination that might target 2.5300 followed by 2.4400 levels in the upcoming period.

 

The expected trading range for today is between 2.6420 and 2.5750

 

The expected trend for today: Bearish

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