Copper price keeps the negative stability – Analysis – 18-9-2019

Copper price didn’t achieve more of the of the negative targets yesterday, to settle near 2.6000 level, but the repeated stability below the bearish channel’s resistance at 2.6420 confirms the price surrender to the bearish bias domination, to keep waiting for reaching 2.5500 soon, and breaking this barrier might extend the trading to 2.4800 in the upcoming period trading.

The continuation of stochastic fluctuation below 50 level supports our bearish suggestion by providing an extra negative momentum, to ease the mission of reaching to the suggested negative stations.

The expected trading range for today is between 2.6200 and 2.5500

The expected trend for today: Bearish