Copper affected the indicators’ contradiction – Analysis – 22-1-2018

To contradiction between the major indicators continued to force Copper price to show additional sideways trading by fluctuating around the initial support 3.2000, while the stability of the current support line will keep the bullish overview valid until this moment, waiting to gather the required momentum followed by reaching the first positive target at 3.4400.

We remind you that the price attempt to crawl below the initial support 3.2000 will postpone the bullish attempts and push the price for some correctional bearish trades, expecting to move towards 3.0800 level.

Expected trading range for today is between 3.2000 and 3.4400

Expected trend for today: Bullish