Copper price catch its breath– Analysis – 14-11-2022

Copper price touched 3.9500 level this morning, to form an intraday rebound towards 38.2% Fibonacci correction level in order to catch its breath before resuming the main bullish attack, which might target 4.0500 level initially reaching 4.3000 in the medium period trading.

Note that the price reach below 3.8500 level might force it to form a temporary correctional rebound, to target 3.7100 level then repeats the attempts of achieving the suggested positive targets.

The expected trading range for today is between 3.8000 and 4.0500

The expected trend for today: Bullish