Copper price gathers its strength – Analysis – 25-9-2019

Copper price didn’t achieve any new negative target until this moment, attempting to gather its negative strength, getting advantage from its stability within the bearish channel levels, and the fluctuation of the moving average 55 below the main resistance at 2.6400 confirms the price confinement within the negative trading in the near and medium period trading.

And that makes us wait for breaking 2.5500 level, to resume the negative attack, to attempt to reach the extra negative station at 2.4800 and 2.400 level.

The expected trading range for today is between 2.5850 and 2.4800

The expected trend for today: Bearish.