Commodities

Copper price prepares to resume the decline – Analysis – 5-7-2022

2022-07-05 05:24:40 GMT (Economies.com)

Copper price confirmed its preparation to resume the negative attack by fluctuating near 3.5500 level, attempting to take advantage of the negative momentum, assuring the importance of breaking 50% Fibonacci correction level at 3.4900 to open the way to target new negative stations that start at 3.4100 and 3.3300.

 

The expected trading range for today is between 3.7000 and 3.4100

 

The expected trend for today: Bearish

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