Copper keeps the negative correction– Analysis – 20-11-2017

In spite of the weak trading of Copper price in the last period, but it confirms its affection by the bearish correctional attempts by its stability below 3.1500 barrier, therefore, we will keep waiting for gathering new negative momentum, that allows it to reach the main correctional target that represented by the bullish channel’s support at 2.9000.

While the price rally above the current barrier will cancel the negative overview, which allows it to regain the bullish bias and resume recording the positive targets to expect reaching 3.2500 initially reaching to 3.4500 level in the upcoming period. 

Expected trading range for today is between 3.1000 and 2.9500

Expected trend for today: Bearish.