No news for Copper price – Analysis – 16-7-2018
Economies.com
2018-07-16 07:01AM UTC
Copper price did not move until this morning, repeating the fluctuation between 2.8500 initial resistance and 2.7000 support line that forms an obstacle against the negative attack, by forming 50% Fibonacci correction level.
These factors support the domination of the intraday sideways bias to keep waiting to gather new negative momentum and manage to break the current support to open the way to touch additional negative targets that might start at 2.6200 followed by 2.550.
Expected trading range for today is between 2.8500 and 2.7000
Expected trend for today: Sideways
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