Copper price touches the first negative target – Analysis – 3-5-2022
Economies.com
2022-05-03 08:17AM UTC
Copper price formed strong bearish wave yesterday to crawl below 4.3300 support line and hint the affection by the domination of the bearish bias by touching 4.1800.
We notice that 4.1800 forms 38.2% Fibonacci correction level, to hinder the negative attack temporarily until gathering the required negative momentum to achieve new targets that might start from 4.0000 and 3.9200.
The expected trading range for today is between 4.4200 and 4.1000
The expected trend for today: Bearish
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