Copper price attempts to hold positively – Analysis – 7-1-2022

Copper price still lacks the positive momentum until this moment, while the attempt to hold above the moving average 55 at 4.3300 supports the bullish scenario for the upcoming period, reminding you that the initial positive targets are located near 4.5200 followed by reaching the next barrier at 4.6200.

We remind you that the attempt to provide negative close below the mentioned support will force it to postpone the bullish attack and suffer many losses by moving towards 4.2750 followed by 4.1850.

The expected trading range for today is between 4.3300 and 4.5200

The expected trend for today: Bullish