Copper price gathers new negative momentum – Analysis – 16-8-2019

Economies.com
2019-08-16 09:14AM UTC

Copper price gathered new negative momentum yesterday after stochastic crawled below 50 level, to reinforce the previously suggested negative overview, assuring the importance of the stability of 2.6200 resistance to support the attempts to reach the main targets at 2.5500 followed by 2.4660.

 

The expected trading range for today is between 2.6000 and 2.5500

 

The expected trend for today: Bearish

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