Copper holds positively – Analysis – 4/9/2015

Copper price rallied yesterday to reach 2.4000 and face some negativity affected by stochastic decline below 80 level, and that makes us expect some sideways fluctuation, reminding you that holding above 2.2500 support will support the attempts to head to test 2.5000 level.

Therefore, the bullish bias will remain valid for now unless the price showed negative close below the above mentioned support.

Expected trading range for today is between 2.3000 and 2.4000

Expected trend for today: Bullish