Copper price approaches from the barrier – Analysis – 23-07-2021

Copper price surrendered to the positivity of the main indicators, to notice forming a bullish wave approaching from the barrier at 4.4100 level, in spite of the price stability within the bullish channel’s levels, but its fluctuation below the current barrier confirms delaying the bullish attack, which confines the trading within a tight range in the current period.

While the price success to surpass the barrier and holding above it, so that will open the way towards forming a strong bullish wave to ease the mission of recording several positive targets that might begin at 4.5100 and 4.6400.

The expected trading range for today is between 4.4100 and 4.2800

The expected trend for today: sideways