Copper attempts to gain new bullish momentum – Analysis – 7-2-2017

Copper price kept its positive stability above the sideways range’s support at 2.5700, to keep fluctuating within the main levels for the near trading, stochastic surpass to the oversold level confirms surpassing the negative pressures to suggest the bullish bias in the current period, waiting for targeting the resistance at 2.7300, to monitor the price behavior to detect the true targets in the futuristic period.

We remind you that the price attempt to decline below the mentioned support will force it to target 2.5000 level initially reaching to 2.4200.

Expected trading range for today is between 2.5700 and 2.7300

Expected trend for today: bullish