Copper price keeps pressing on the barrier – Analysis – 08-11-2019

Copper price continued to provide a clear positive pressure on 2.7000 level, which formed a strong barrier against the attempts of resuming the bullish attack, and providing a positive close above this level will confirm its readiness to rally to 2.7600 level, to wait for hitting the initial main target at 2.8400.

We will still be depending on forming an extra support for the moving average 55 by its stability at 2.6400 for today, which confirms its confinement within the bullish range until reaching the suggested targets.

The expected trading range for today is between 2.6730 and 2.7600

The expected trend for today: Bullish