Copper price without any change– Analysis – 23-11-2018

There is no change on Copper price trading by its repeated fluctuation above 2.7300 level, the intraday sideways trading caused by stochastic contradiction by its surpass to the overbought level, which delay the bullish attack in the current trading.

Therefore, we will keep waiting for gathering a new positive momentum, to reinforce the positive domination, to support the attempt for holding above the moving average 55, then renew the pressure on 2.8500 in order to reach the next station at 2.9400.

Expected trading range for today is between 2.7300 and 2.8500

Expected trend for today: Bullish