Copper price gathers its strength – Analysis – 4-2-2019

Copper price still keeping the positive stability above 2.7450 that forms the bullish channel’s support line that appears on the chart, while the sideways fluctuation is caused by the attempt to gather the additional positive momentum to manage to resume the bullish attack that targets 2.8100 followed by 2.8450 levels.

We notice the consolidation of the moving average 55 below the mentioned support to confirm blocking the price within the bullish range and increase the chances of gathering the required positive momentum to achieve the mentioned targets.

Expected trading range for today is between 2.7430 and 2.8100

Expected trend for today: Bullish