Copper price holds above the support – Analysis – 5-1-2021

No change to Copper price bullish track, as it remains stable within the bullish channel, to notice its fluctuation near 3.5900 recently, assuring the importance of gathering the positive momentum to assist to achieve the additional targets around 3.6400 followed by 3.7900.

We remind you that it is important to hold above 3.5100 support line, noting that stochastic attempt to rally above 50 will support our bullish overview until reaching the suggested positive targets.

The expected trading range for today is between 3.5050 and 3.6400

The expected trend for today: Bullish