Copper threats the support – Analysis – 9-3-2018

Copper price continued its negative fluctuation to settle around the bullish channel’s support line at 3.0500, while the main bullish scenario depends on the strength of the current support to expect regaining the bullish bias as long as it remains intact, waiting to reach the main targets at 3.250 followed by 3.320.

We should note that the continuation of the negative pressure and attempting to get negative close below the current support will cancel the bullish overview and force the price to suffer losses in the near term and medium term period, starting at 2.9500.

Expected trading range for today is between 3.0500 and 3.2000

Expected trend for today: Bullish