Copper price attempts to recover – Analysis – 5-1-2022

Copper price started to get the positive momentum, to attempt to recover and start the bullish track again, to notice settling near 4.4200 now, while the bullish scenario depends on the stability of the additional support at 4.3300 that represents the moving average 55.

Therefore, we will keep waiting to touch the first target at 4.5200, while surpassing it will push the price to reach the next station at 4.6200.

The expected trading range for today is between 4.3800 and 4.5200

The expected trend for today: Bullish