Copper price declines temporarily – Analysis – 21-1-2020
Economies.com
2020-01-21 07:42AM UTC
Despite Copper price consolidation within the bullish channel, we notice forming temporary decline, affected by stochastic negativity that approaches 20 level to touch 2.7830 level.
We expect the price to form new negative trades unless breaching 2.8400 level, to increase the chances of testing the moving average 55 at 2.7200 followed by starting to renew the waited bullish attempts.
The expected trading range for today is between 2.8400 and 2.7200
The expected trend for today: Bearish
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