Copper repeats testing the support – Analysis – 19-3-2018
Economies.com
2018-03-19 07:43AM UTC
Copper price suffered extra negative pressures forming new negative wave to test the bullish channel’s support at 3.0700, the upcoming scenario depends on the strength of the current support, to expect its readiness for resuming the bullish attack and begin recording the targets at 3.2000 and 3.3200.
While the continuation of the negative pressures and the price attempt to reach below the current support will confirm its surrender to the bearish bias domination, to open the way towards suffering several losses by reaching 2.9500 and 2.8500.
Expected0 trading range for today is between 3.0700 and 3.2000
Expected trend for today: Bullish
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