Copper is under negative pressure – Analysis – 9-3-2017

Copper price renewed formed negative trading to notice providing negative pressure on the initial support at 2.5700, to achieve the initial target in the previous report, while achieving the break makes us expect more of the losses to reach 2.5000 reaching to the next main target at 2.4300.

The main indicators continues to provide the negative momentum by stochastic reach to the oversold level, the moving average 55 keeps its stability above the price trading to confirm its confinement within the negative range.

Expected trading range for today is between 2.6250 and 2.5000

Expected trend for today: bearish.