No news for copper price – Analysis – 23-1-2023
Economies.com
2023-01-23 05:44AM UTC
Copper price didn’t move until this moment, to continue fluctuating below the bullish channel’s resistance at 4.3500, which hinders the attempts to resume the bullish attack, thus, we will keep suggesting the correctional bearish trades for the near term period that might target 4.1200 followed by reaching the additional support at 4.0500.
On the other hand, succeeding to breach the resistance and holding above it will confirm moving to the bullish track again, to attempt to target new positive stations that might start at 4.4200 and 4.6000.
The expected trading range for today is between 4.3500 and 4.1500
The expected trend for today: Bearish
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