Copper price awaits the beach – Analysis – 19-9-2023

Copper price still waiting to exit the sideways bias, to notice forming continuous sideways trades recently, settling near 3.7500, as the continuous stability of the dominating barriers represented by 3.6700 support and 3.9000 resistance allows us to stay neutral until confirming the next trend.

We remind you that declining below the mentioned support and providing negative close confirm the domination of the bearish bias for the upcoming period, to expect targeting 3.5000 as a first negative station, while breaching the resistance will confirm moving to the bullish track, waiting to record big gains that might start at 4.0200 and 4.3100.

The expected trading range for today is between 3.8700 and 3.7000

The expected trend for today: Neutral