Copper price renewed the positive attempts recently to provide new pressure on 2.9300 level and confirms keeping the bullish bias domination for the upcoming trading, while gathering new positive momentum will assist to form strong bullish waves to expect targeting 2.9800 followed by pressing on 3.0200 barrier.
The price consolidation within the bullish channel besides the stability of the moving average 55 around the bullish channel’s support line at 2.8440 confirms our bullish overview, to keep waiting to touch the mentioned positive targets.
The expected trading range for today is between 2.8800 and 2.9800
The expected trend for today: Bullish