Copper price resumes the bullish attack – Analysis – 21-9-2018

Copper price did not get enough touching the minor bullish channel’s resistance to notice resuming the bullish attack by reaching 38.2% Fibonacci correction level at 2.7920, while the continuous positive momentum coming by the major indicators increases the chances of surpassing this barrier to open the way to target new positive levels that start at 2.8660 followed by reaching 2.9920 in the upcoming period.

To confirm this outlook, we recommend waiting the required breach to avoid any sideways fluctuation that might lead to unexpected intraday losses.

Expected trading range for today is between 2.7500 and 2.8660

Expected trend for today: Bullish