No news for Copper price – Analysis – 11-4-2019

Copper price still need positive momentum, which decelerates the waited bullish rally, to notice its repeated fluctuation near 2.9000 level, but the positive stability within the bullish channel levels makes us wait for an extra momentum that will assist to renew the bullish attempts until achieving the expected targets at 2.9800 and 3.0200.

The risk of changing the trend begins when breaking the bullish channel’s support at 2.8300, to announce changing the main trend and to begin targeting several negative levels that might begin at 2.7700 and 2.7210.

The expected trading range for today is between2.9000 and 2.9800

The expected trend for today: Bullish