Copper price awaits the negative momentum – Analysis – 10-10-2018

Copper price provided new positive rebound achieving 2.8100 level, affected by the positivity of the main indicators, the trading might extend in the current period to test 2.8500 level, reaching the critical resistance at 2.8870 unless breaking the initial support level at 2.7500.

Therefore, we will suggest the bullish bias temporarily until testing the mentioned barriers, to increase the chances for gaining the required negative momentum to resume the waited bearish attempts.

Expected trading range for today is between 2.7500 and 2.8500

Expected trend for today: Bullish