Copper suffers from the contradiction between the indicators – Analysis – 18-4-2017

Copper price didn’t provide any new until this moment, affected by the contradiction between the main indicators, to continue the sideways fluctuation below the resistance at 2.5800, therefore, we will keep waiting until gathering the negative momentum again, to activate the negative attempts that targets 2.5000 level as a next main station reaching to 2.4300 in the upcoming period.

Note that the price attempt to provide positive close above the current resistance will cancel the negative overview, affected by the domination of the bullish scenario again, to expect hitting 2.7000 and 2.9500 level to represents the positive targets of the bullish range.

Expected trading range for today is between 2.5800 and 2.5000

Expected trend for today: bearish