Copper price continues to resist the negative pressures – Analysis – 4-6-2019

Despite Copper price facing frequent negative pressures, its consolidation above the bullish channel’s support line at 2.6280 forms major factor to the beginning of forming positive trades in the near term and medium term period, expecting to gather new positive momentum to start forming bullish trades and move towards 2.6800 followed by pressing on 2.7220 barrier.

We remind you that facing new negative pressures and attempting to provide negative close below the current support will confirm moving into new negative track, to suffer many losses by moving towards 2.5800 and 2.5370 levels.

The expected trading range for today is between 2.6280 and 2.6800

The expected trend for today: Bullish