Copper faces difficulty to renew the positivity – Analysis – 9-2-2017

Copper faces new barrier at 2.6800 level, which increases the difficulty for renewing the bullish attempts, to be forced in sideways range at 2.6600, supporting the sideways trading again until surpassing the current barrier, to open the way towards holding above 2.7300, and begin gathering gains to wait until reaching 2.8000 and 2.9500.

The stability of the support level at 2.5700 is important for the price confinement within the bullish range, to wait until gathering new bullish momentum that allows it to achieve the required breach and reaching the waited targets.

Expected trading range for today is between 2.6000 and 2.6800

Expected trend for today: fluctuated