Copper price provided weak sideways trades recently affected by the contradiction between the major indicators, while its positive stability above the minor bullish channel’s support line at 2.8900 allows us to continue suggesting the bullish attempts in the near term and medium term period.
In case the price managed to gather new positive momentum, we expect rallying above 2.9300 barrier to manage to record more targets by moving towards 2.9700 followed by 3.0200 levels.
The expected trading range for today is between 2.8900 and 2.9700
The expected trend for today: Bullish