Copper price fluctuates below the resistance – Analysis – 01-12-2020

Economies.com
2020-12-01 06:24AM UTC

Copper price remains stable until this moment below the resistance at 3.4100, to obstacle the bullish track, which increases the chances for forming bearish correctional trading, therefore, we will keep waiting for begin forming bearish correctional waves that targets 3.3000 level initially, then attempts to test the support near 3.2100.

 

note that the price success to breach the current resistance and holding above it, so that will reinforce the bullish bias domination, to begin recording new targets that might extend to 3.4600 and 3.5500 in the upcoming period.

 

The expected trading range for today is between 3.4100 and 3.3000

 

The expected trend for today: Bearish

 

 

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