Copper on Temporary Bullish Momentum

Copper price faced new positive pressures recently, due to stochastic rally above 50 level, to push the price to postpone the negative attack and hold above the moving average 55, which might push the price to form temporary bullish rebound and test 4.3600 barrier before achieving any new negative target.

On the other hand, crawling below 4.1500 will confirm the preparation to resume the negative attack, to expect moving towards the negative targets at 4.0500 and 3.8800.

The expected trading range for today is between 4.2000 and 4.3600

The expected trend for today: Bullish temporarily