Copper price continues to crawl positively – Analysis – 9-4-2021

Copper price didn’t achieve any new positive level until this moment, due to the lack of the positive momentum, to notice the frequent fluctuation near 4.0500 level, while in general, the bullish overview will remain valid depending on the price stability within the bullish channel, in addition to 3.8810 level forming the additional support as appears on the chart.

We expect to gather the positive momentum to rally towards 4.1600 direct, while surpassing this obstacle will extend trades towards 4.3000 as a main target for the near term and medium term period.

The expected trading range for today is between 4.0000 and 4.1600

The expected trend for today: Bullish