Copper price is slow – Analysis – 2-10-2018

Copper price moves very slowly recently, confined within tight track, in addition to the contradiction of the major indicators, reminding you that the stability of the initial support at 2.7500 increases the chances of forming some bullish trades that might target 2.8450 followed by reaching the key resistance at 2.8820 today.

The risks of changing the scenario will be in case the price crawled below the current support, as it will increase the negative pressures, to force the price to provide strong negative trades by moving towards 2.7000 followed by reaching 2.6280.

Expected trading range for today is between 2.7500 and 2.8450

Expected trend for today: Bullish