Copper price gains a new positive momentum– Analysis – 7-4-2021

Copper price gained a new positive momentum by stochastic approach from 80 level, reinforcing the bullish attempts, to keep waiting for targeting 4.2700 level, which represents the extension of the bullish channel’s resistance that appears in the above image.

Note that the price decline below the extra support at 3.8810 will confirm delaying the bullish attack, to expect suffering extra losses that might extend to 3.7000, to press on the main bullish channel’s support.

The expected trading range for today is between 4.0500 and 4.2700

The expected trend for today: Bullish