Copper price attempts to hold above the support – Analysis – 3-6-2019

Copper price started to face the major indicators’ negativity by forming positive rebound after touching 2.6100 level, attempting to hold within the bullish range depending on the strength of 2.6280 support.

The continuous fluctuation above this support will increase the chances of providing positive trades to target many positive levels that start at 2.7200, while surrendering to the negative pressures and getting negative close below the current support will confirm the preparation to provide new negative attack and suffer many losses by moving towards 2.5800 and 2.5370 levels.

The expected trading range for today is between 2.6280 and 2.6800

The expected trend for today: Bullish