No news for copper price – Analysis – 29-3-2023

Copper price didn’t move until this moment, to continue providing mixed sideways trades due to the continuous contradiction between the major indicators, to notice its fluctuation near 4.0700 level now, reminding you that the bullish track will remain valid as long as 4.0200 forms additional support, assuring the importance of gathering the positive momentum to assist to activate the bullish track again, which might target 4.2200 and 4.3000 levels soon.

On the other hand, declining below the mentioned support will force it to postpone the bullish attack by forming correctional bearish waves that might push it to suffer some losses by targeting 3.9200 followed by 3.8500 levels.

The expected trading range for today is between 4.0500 and 4.2200

The expected trend for today: Bullish