Copper price is forced to fluctuate – Analysis – 02-10-2019

Copper price remains stable above the initial support, to form a strong obstacle against resuming the bearish attack by its stability at 2.5500, to increase the chances for forming a bullish correctional trading in the near and medium period.

But the stability within the bearish channel levels makes us wait for gathering a new negative momentum that allows it to achieve the required break, then begin recording the negative targets that are located at 2.4800 and 2.4000 in the upcoming period trading.

The expected trading range for today is between 2.6200 and 2.5000

The expected trend for today: fluctuated within the negative range