Copper price repeats the negative fluctuation – Analysis – 19-9-2019

Copper price gained a new negative momentum, to reinforce the continuation of the negativity by recording 2.5700 level, and the continuation of the stability within the bearish channel levels confirms its readiness to record more of the negative targets that begin at 2.5500 reaching to 2.48 level in the medium period.

Stochastic approach from 20 level forms a main factor that confirms the bearish scenario by providing a new negative momentum, to ease the mission of reaching the waited negative stations.

The expected trading range for today is between 2.6000 and 2.5500

The expected trend for today: Bearish