Copper price is waiting for the negative momentum– Analysis – 18-5-2022

No news for copper price by forming new sideways trading, to keep delaying the negative attack, due to its neediness to the negative momentum until this moment, to settle near 4.2000, besides stochastic approach from 80 level confirms delaying the negativity, which force it to keep providing sideways trading in the current period.

Reminding you that the main bearish track will remain active due to the main stability below the resistance at 4.3800, if the price succeeds to gather the negative momentum so that will increase the chances for renewing the negative attempts, which target 3.9300 and 3.7000 level.

The expected trading range for today is between 4.3100 and 4.0000

The expected trend for today: Fluctuated within the bearish track.