Copper attacks the resistance again – Analysis – 1-2-2017
Economies.com
2017-02-01 07:39AM UTC
Copper price attempted to renew the bullish attempts by its rally to the resistance at 2.7300, to confirm the continuation of the positivity we recommend waiting until achieving the required breach to open the way towards recording new positive targets by reaching 2.8000 and 2.9500.
The price gets bullish momentum from the union of the main indicators to notice the stability of the moving average 55 below the current trading, while stochastic forms new bullish wave to approach from the overbought level as appears in the above image.
Expected trading range for today is between 2.6300 and 2.8000
Expected trend for today: Bullish
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