Copper price rebounds positively – Analysis – 5-5-2022

Copper price failed to break 4.1800 support line, to hinder the attempt to resume the negative attack and notice bouncing positively towards 4.4200, also, the contradiction between the major indicators will force the price to form mixed trades, to expect moving between 4.5500 and 4.2500 now.

We remind you that the stability of 4.5500 barrier will support the continuation of the previously suggested negativity, while breaching this barrier will allow it to cover the previously achieved losses and start forming bullish waves that might push it to reach 4.8000.

The expected trading range for today is between 4.5500 and 4.2500

The expected trend for today: Bearish