Copper price is resting – Analysis – 9-9-2019

Copper price forced to form an intraday sideways fluctuation recently, attempting to catch its breath before resuming the expected bullish correction, the continuous stability above 61.8% Fibonacci correction level at 2.5500 supports the bullish suggestion until reaching the bearish channel’s resistance at 2.6680.

The stability of stochastic within the overbought level increases the chances for gathering the positive momentum, which assists ending the sideways fluctuation and resuming the bullish rally until achieving the waited target.

The expected trading range for today is between 2.5550 and 2.6680

The expected trend for today: Bullish