Copper price touches the first target – Analysis – 23-5-2019
Economies.com
2019-05-23 07:43AM UTC
Copper price trades extended negatively yesterday to achieve the first target at 2.6575, expecting the continuation of the negative pressures to form new bearish pressure to target 2.6160 support line.
The current bearish scenario depends on the strength of 2.7220 barrier to increase the chances of resuming the bearish attack, noting that succeeding to break 2.6160 support will confirm moving into new negative track, waiting to reach 2.5370 in the upcoming period.
The expected trading range for today is between 2.7000 and 2.6160
The expected trend for today: Bearish
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