Copper price is waiting for the negative momentum– Analysis – 11-5-2022

Economies.com
2022-05-11 05:06AM UTC

Copper price provided some of the sideways fluctuation, due to its neediness to the negative momentum, to delay the negative attack temporary by its stability near 4.2000, reminding you that the main stability below the resistance at 4.3700 forms the main factor to confirm the bearish scenario, which might target 4.0500 and 3.6700 level.

 

The expected trading range for today is between 4.2600 and 4.0500

 

The expected trend for today: Bearish

 

 

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