Copper price holds above the support – Analysis – 13-2-2019

Copper price ended its last fluctuation by providing a positive close above the bullish channel’s support at 2.7560, confirming its commitment with the bullish attempts, the price needs a new positive momentum that allows it to renew the pressure on 2.8460 barrier, and surpassing it will make the price succeed to record several positive targets that begin at 2.9400 and 3.0300.

Note that the price attempt to reach below the current support will confirm its surrender to the bearish bias domination by exiting the positive track, to expect targeting 2.7300 level initially reaching to 2.6600.

The expected trading range for today is between 2.7600 and 2.8400

The expected trend for today: Bullish