Copper price needs a new positive momentum– Analysis – 15-11-2022

Copper price repeated forming sideways trading, attempting to gather extra positive momentum in order to confirm the continuation of the positivity in the upcoming trading, reminding you that there is a chance for reaching 3.7100 to form an extra support for the price, to renew the bullish rally the bullish rally in order to surpass 3.9200 level and achieving the next target at 4.0500.

While facing extra negative pressures and reaching below the mentioned extra support, so that will force it to delay the bullish attack, which forces it to suffer extra losses by reaching 3.5800, to test the moving average 55.

The expected trading range for today is between 3.7500 and 4.0500

The expected trend for today: Bullish