Copper price keeps the positivity – Analysis – 30-4-2019

Copper price still stable within the bullish range as it keeps moving above the bullish channel’s support line at 2.8600, also, the stability of the moving average 55 below the current support confirms blocking the price within the bullish range, to increase the chances of reaching 2.9300 level, while surpassing this barrier might extend trading towards 3.0200.

Also, stochastic rally above 50 level reinforces the bullish overview by providing new positive momentum to decrease the chances of changing the main trend before reaching our suggested targets.

The expected trading range for today is between 2.8700 and 2.9300

The expected trend for today: Bullish