Copper price seeks the additional momentum – Analysis – 3-5-2021

Economies.com
2021-05-03 06:31AM UTC

Copper price formed more temporary sideways trades to hint the need to the required additional positive momentum to resume the main bullish attack.

 

We remind you that it is important to hold above 4.4200 support line to manage to resume the bullish attack that might target 4.6400 initially, followed by reaching 4.8500 in the medium term period.

 

The expected trading range for today is between 4.4000 and 4.6400

 

The expected trend for today: Bullish

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