Copper continues the positive attempts – Analysis – 3/9/2015

Copper price didn’t reach any new positive targets until now, while we keep our bullish overview for the near term basis due to the stability of 2.2500 support line, and we remind you that the waited target is located at 2.5000 that forms the moving average 55, keeping its stability within the main bearish channel that appears on chart.

Note that attempting to break the current support will cancel the bullish attempts and resume the main bearish bias that targets 2.0500.

Expected trading range for today is between 2.2500 and 2.4000

Expected trend for today: Bullish