Copper price needs new momentum – Analysis – 30-3-2023

Copper price continued to fluctuate within sideways range recently, attempting to face the negative pressures and hold within the bullish track by consolidating above 4.0200 support line, while activating the bullish attempts requires gathering the additional positive momentum to increase the chances of recording the main targets that might start at 4.2200 and 4.3000.

We remind you that declining below the mentioned support will force it to postpone the bullish attack by forming correctional bearish waves that might push it to suffer some losses by targeting 3.9200 and 3.8500 levels.

The expected trading range for today is between 4.0500 and 4.2200

The expected trend for today: Bullish