Copper achieves the first target – Analysis – 9-8-2017

Copper price succeeded to gather new positive momentum to push the price to resume the expected bullish attack and settle around the first target at 2.9500, while the continuation of the positive pressure might cause strong momentum to ease the attempt to breach the current level and manage to achieve more targets that start at 3.100 followed by reaching the bullish channel's resistance at 3.250.

Stochastic reach to the overbought areas supports the positive domination and increases the chances of breaching the current barrier to start recording the extended targets.

Expected trading range for today is between 2.900 and 3.1000

Expected trend for today: Bullish