Copper needs strong momentum – Analysis – 5-1-2018

Copper price continued to face the negative pressures until this moment to notice its fluctuation above the initial support 3.2000, while resuming the main bullish attack needs strong positive momentum to manage to get rid of the bearish bias domination and start recording the main targets at 3.4400 followed by reaching 3.5400.

Stochastic approach to the oversold areas confirms getting rid of the negative pressures and allows the price to start gathering the required momentum to achieve the waited targets.

Expected trading range for today is between 3.2000 and 3.4400

Expected trend for today: Bullish