Copper price attempts to hold above the support – Analysis – 4-3-2021

Copper price still facing stochastic negativity by settling above 4.0900 support, to keep the chances of renewing the bullish attempts soon, as gathering the positive momentum again will ease the mission of reaching 4.2400 followed by touching the main target at 4.4200.

We remind you that facing continuous negative pressures and providing negative close below the mentioned support will force the price to form correctional bearish trades, to expect suffering clear losses by moving towards 3.8810 and 3.5200.

The expected trading range for today is between 4.0900 and 4.2400

The expected trend for today: Bullish