No news for copper price – Analysis – 26-5-2022

Copper price didn’t show any move until this moment, to consolidate near the initial support 4.1800 that formed obstacle against the attempt to resume the main negative attack.

We expect to continue fluctuating within sideways range with chances to rally towards 4.4100 as a bullish correction to test the major resistance, while surrendering to the negative pressures and succeeding to decline below the current support will force it to form strong negative waves to suffer many losses by crawling towards 4.1000 and 3.9300 levels.

The expected trading range for today is between 4.2000 and 4.4000

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The expected trend for today: Bearish