Copper price touches the support – Analysis – 2-9-2021

Copper price bearish correction extended to test the bullish channel’s support line at 4.2500, facing the moving average 55 as appears on the chart, while the stability of this support line allows us to keep suggesting the bullish overview that needs new positive momentum to start recording the targets near 4.4200 and 4.5500.

We remind you that declining below the bullish channel’s support line will cancel the positive overview and start forming strong negative trades, to expect suffering big losses by moving towards 4.1000 first.

The expected trading range for today is between 4.2500 and 4.4200

The expected trend for today: Bullish