Copper price settles within the bearish range – Analysis – 9-4-2020

Economies.com
2020-04-09 08:31AM UTC

No change to Copper price track due to its recent consolidation below 2.2930 barrier, to keep waiting to gather new negative momentum to allow it to decline towards 2.2200 and 2.0700 levels.

 

We remind you that attempting to breach the current barrier and holding above it will renew the positive attempts that might target 2.4100 level in the upcoming period.

 

The expected trading range for today is between 2.3000 and 2.2200

 

The expected trend for today: Bearish

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