Copper awaits the correctional targets – Analysis – 17-11-2017

Copper price confirmed the affection by the correctional bearish bias by consolidating below 3.1500 level again, to prepare to record the correctional target that start at 2.9500 with chances of testing the bullish channel's support at 2.8800, while stochastic continues to provide the negative momentum by consolidating within the oversold areas to ease the attempt to reach the waited targets.

We should note that rallying above 3.1500 barrier will cancel the negative overview to manage to regain the bullish bias and resume recording the positive targets at 3.2500 followed by 3.4500.

Expected trading range for today is between 3.1000 and 2.9500

Expected trend for today: Bearish