Copper price records targets – Analysis – 24-4-2019

Copper price suffered from new negative pressures to delay the bullish attack by its approach from the bullish channel’s support at 2.8600, the current negativity is caused by stochastic decline to the oversold level, which provides a strong negative momentum in the current trading.

Reminding you that the stability of the mentioned main support, which represents the border line between the price stability within the bullish range that targets 2.9800 and 3.0200 level, while breaking the current support will confirm the price surrender to the bearish bias domination, to expect suffering several losses by reaching 2.8300 and 2.7700.

The expected trading range for today is between 2.8600 and 2.9300

The expected trend for today: fluctuated