Copper price repeats the negative attempts – Analysis – 9-5-2022

Economies.com
2022-05-09 04:53AM UTC

Copper price returned to form more negative waves to settle near 38.2% Fibonacci correction level that formed an obstacle against the negative attack at 4.1800, expecting to get more negative momentum by the major indicators to achieve the required break and manage to continue the negative attack to reach the additional stations at 4.0500 and 3.9300.

 

The expected trading range for today is between 4.3500 and 4.0500

 

The expected trend for today: Bearish

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