Copper price is waiting for achieving the break– Analysis – 26-9-2023

Copper price remains under the negative pressures by its stability at 3.6600 level, waiting for breaking this support and begin the waited negative attack, the negativity is caused by the continuation of the reinforcements of the moving average 55 for the stability of the extra barrier near 3.8500, besides the continuation of the negative momentum that comes from stochastic by its approach from 20 level.

therefore, we will keep waiting for achieving the required break, to open the way towards targeting several negative stations, which might begin at 50% Fibonacci correction level at 3.5000.

The expected trading range for today is between 3.7700 and 3.5000

The expected trend for today: Bearish