Copper price still keeps the chances of renewing the bullish attempts despite facing strong negative pressures, to notice its frequent stability above the bullish channel’s support line at 2.6300, noting that it is important to gather strong positive momentum to manage to reach the positive stations at 2.7200 and 2.7800.
We remind you that attempting to decline below the current support and providing negative close will confirm surrendering to the negative trading and increases the chances of suffering big losses by moving towards 2.5300 and 2.4500 levels.
The expected trading range for today is between 2.6300 and 2.7200
The expected trend for today: Bullish