Copper achieves the breach – Analysis – 13-2-2017

Copper trading extended in strong bullish range in last Friday, which allows it to achieve the waited breach for the barrier at 2.7300, to confirm the domination of the bullish bias by reaching the initial target at 2.8000, copper settles within clear bullish range to keep expecting recording more of the gains that begin at 2.9500 in the near and medium period.

Stochastic stability within the overbought level increases the positive pressure on the upcoming trading, which provides new positive momentum that eases the attempt to reach the suggested target.

Expected trading range for today is between 2.7200 and 2.9500

Expected trend for today: bullish