No news for copper price – Analysis – 1-6-2021
Economies.com
2021-06-01 05:06AM UTC
Copper price didn’t show any move since yesterday, due to the contradiction of the fluctuation below 4.7000 barrier against the positive pressures by stochastic reach to the overbought areas.
We remind you that the continuous stability of the current barrier will increase the chances of forming correctional bearish trades to target 4.5000 and 4.3700 levels, while surrendering to the positive pressures and rallying above the current barrier will open the way to resume the main bullish attack, expecting to move towards 4.8600 barrier initially.
The expected trading range for today is between 4.7000 and 4.5000
The expected trend for today: Bearish
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