Copper without any change– Analysis – 6-3-2018

Copper price continues to face the indicators negativity, attempting to keep the positive stability above the bullish channel’s support at 3.0500, therefore, there is no change on our bullish suggestion that depends on gaining the bullish momentum, to begin recording several targets by its rally to 3.2500 and 3.3200.

While the price attempt below the bullish channel’s support and providing negative close, so that will confirm changing the main trend, to expect the beginning of suffering big losses by reaching 2.9500 reaching to 38.2% Fibonacci correction level at 2.8500.

Expected trading range for today is between 3.0500 and 3.2500

Expected trend for today: Bullish