Copper price hits the resistance – Analysis – 16-9-2019

Copper price achieved the required correctional target by hitting the bearish channel’s resistance at 2.7600, to form a strong barrier against the bullish trading, the current scenario depends on the strength of this resistance to expect renewing the negative attempts by its stability, which might target 2.6000 and 2.5500 in the near period.

While the price rally above the current resistance and providing a positive close, so that will confirm its move to a new bullish track, to begin targeting several positive levels by reaching 2.7200 and 2.7800.

The expected trading range for today is between 2.6700 and 2.6000

The expected trend for today: Bearish