Copper price settles above the initial support – Analysis – 25-10-2018

Copper price kept its positive stability until this moment by holding above the initial support 2.7200, to contradict the negativity that comes by the major indicators, while the continuous stability of this support will increase the chances of renewing the bullish attempts that target 2.8200 followed by reaching 2.9100 in the upcoming period.

On the other hand, surrendering to the negative pressures and crawling below the current support will confirm postponing the bullish attack and suffer losses by moving towards the minor bullish channel’s support line at 2.6415.

Expected trading range for today is between 2.7200 and 2.8200

Expected trend for today: Bullish