Copper price repeats the sideways fluctuation – Analysis – 12-4-2021

No news for Copper price, as it keeps losing the positive momentum, to notice fluctuating below the initial barrier 4.1600, forming temporary negative rebound as appears on the chart.

Note that holding within the bullish channel and 3.8810 level continuous forming support barrier against the price support the bullish overview for the upcoming period, thus, we will keep waiting to gather the additional positive momentum followed by waiting to surpass the initial barrier and reach 4.3000 resistance direct, to form the main target for the near term and medium term trades.

The expected trading range for today is between 3.9000 and 4.1600

The expected trend for today: Fluctuated within the bullish track