No changes for Copper – Analysis – 26-4-2017

Copper price could not manage to show any changes until this moment, as the main indicators' contradiction continues, while we remind you that the main negative overview still valid as long as 2.6000 resistance remains intact, waiting to gather the negative momentum and start recording the waited targets at 2.4300 followed by reaching 38.2% Fibonacci correction level at 2.3100.

On the other hand, if the price rallied above the current resistance and provided positive close, that will cancel the negative overview and push the price to build bullish attack to attempt to reach the recently recorded top at 2.8100.

Expected trading range for today is between 2.6000 and 2.4300

Expected trend for today: Bearish