Copper price repeats the sideways fluctuation – Analysis – 12-5-2022

Economies.com
2022-05-12 04:51AM UTC

Copper price didn’t show any move until this moment, to continue providing weak sideways trades near 4.2000, attempting to gather the additional negative momentum, while in general, the bearish overview will remain valid as long as 4.3700 resistance remains intact, waiting to form new negative trades to manage to reach the negative stations at 4.0500 and 3.6700.

 

The expected trading range for today is between 4.2600 and 4.0500

 

The expected trend for today: Bearish

 

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