Copper price looks for the positive momentum – Analysis – 28-11-2022

Copper price forced to form temporary bearish wave due to its neediness to the positive momentum, to repeat its fluctuation below 3.7000 obstacle, to notice suffering some losses by reaching 3.5500 level.

While the stability of 50% Fibonacci correction level at 3.5000 will confine the trading within the bullish track, to expect the trading confinement within the mentioned levels in the current period, until achieving the required breach and reaching the positive targets that are located near 3.8500 and 4.0500. 

The expected trading range for today is between 3.5000 and 3.7000

The expected trend for today: Bullish