Copper price begins to decline – Analysis – 20-9-2021
Economies.com
2021-09-20 08:57AM UTC
Copper price was affected by the negative stability below the broken support at 4.3330, to notice recording some negative targets by reaching 4.1630, noting that the negative stability below the moving average 55 will increase the chances of resuming the decline that might target 4.0685 followed by reaching the historical support at 3.875.
Note that stochastic reach to the oversold areas will support the negative overview by providing the additional negative momentum, to ease the mission of recording the suggested targets.
The expected trading range for today is between 4.2570 and 4.0700
The expected trend for today: Bearish
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