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Copper price repeats the negative closes– Forecast today – 22-5-2024
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Copper price repeats the negative closes– Forecast today – 22-5-2024
May 21, 2024 11:42 PM

Copper Price Analysis Expected Scenario The Copper price repeated providing negative closes below the barrier at 5.1600$ level, confirming its affection by the domination of the suggested bearish correctional bias, to notice hitting 5.000$ level, to approach from the waited initial correctional target in the previous report. Attacking 4.8900$ level in the current period makes us expect gathering the negative momentum, while its decline below this level will increase the chances for testing the critical support at 4.7200$. Expected Trading Range Between 5.1000$ support and 4.8900$ resistance.

Trend Forecast: Bearish

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