Copper price repeats the negative pressure – Analysis – 30-9-2019

Copper price continued providing a clear negative pressure on the initial support at 2.5500 in order to confirm the continuation of the suggested negativity, therefore, we recommend waiting for achieving this break to confirm its readiness to record a new negative trading that might begin at 2.4800 and 2.4000.

Note that the bearish scenario depends on the stability within the bearish channel levels, to notice the stability of the moving average 55 near the resistance at 2.6300, to increase its strength and confirms the trading confinement within the negative range until achieving the required break.

The expected trading range for today is between 2.5750 and 2.4800

The expected trend for today: Bearish