Copper price records new positive levels – Analysis – 14-7-2020

Copper price formed strong bullish attack recently to notice recording new positive levels by reaching 2.9710 and approach the second waited target mentioned in our previous report, while the current intraday rebound hints the attempts to gather the additional positive momentum to increase the chances of surpassing 23.6% Fibonacci correction level and open the way to achieve more targets by reaching 3.0500 in the upcoming period.

We remind you that it is important to settle above 2.8000 support to confirm the bullish scenario and stay above the bearish channel until recording the mentioned target.

The expected trading range for today is between 2.8500 and 3.000

The expected trend for today: Bullish