Copper price seeks new momentum – Analysis – 9-7-2018

Copper price ended its last negative attack by reaching 2.8200 level, to start forming some positive rebounds due to lacking the negative momentum, while stochastic release from the oversold areas might force the price to show bullish rally in the near term period to test 2.9500 level followed by repeating the negative attempts that target 2.7500 mainly.

Therefore, we will suggest the positive fluctuations until the price succeeds to gather the required negative momentum, waiting to touch 2.9500 level to form the waited target of the near term trading.

Expected trading range for today is between 2.8000 and 2.9500

Expected trend for today: Bullish Temporarily