Copper price awaits the break – Analysis – 14-8-2018
Economies.com
2018-08-14 07:03AM UTC
Copper price still stuck on the intraday basis as it could not break 2.7000 barrier, noticing that the major indicators provide the additional negative momentum to keep waiting to crawl below the current barrier and start recording the additional negative targets at 2.6200 followed by 2.5500.
Failing to achieve the break might force the price to provide some correctional bullish fluctuation to assist to open the way to target 2.7800 followed by reaching 38.2% Fibonacci correction level at 2.8500.
Expected trading range for today is between 2.7800 and 2.6200
Expected trend for today: Bearish
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