Copper attempts to resume the correction- analysis- 1/9/2015

Copper price confirmed delaying the negative attempts to keep forming some bullish waves by leaning above 2.2500 level until this moment, therefore, we will keep preferring the bullish bias in the near period until reaching 2.5000 achieving the moving average 55 level.

Stochastic attempts to settle within the overbought level to support the previously suggested bullish rally, we should remind you that providing a close below the current support will cancel the positive overview, to return to record the negative targets reaching to the main support at 2.0500. 

Expected trading range is between 2.2500 and 2.5000

Expected trend for today: bullish if the support level settled.