Copper price approaches the target – Analysis – 7-4-2020

Copper price continued to form the positive trades to notice approaching the main target at 2.2930, reminding you that it is important to monitor the price behavior due to the importance of this barrier, as breaching it will allow resuming the bullish attack and the chance of touching 2.4100.

On the other hand, the stability below the targeted barrier will confirm renewing the negative trades in the near term and medium term trades, waiting to decline towards 2.0700 followed by reaching the historical support 1.9200.

The expected trading range for today is between 2.2500 and 2.2930

The expected trend for today: Bullish