Copper awaits to achieve the breach – Analysis – 9-1-2017

Copper price failed to achieve the required breach to the barrier at 2.7500, to decelerate the waited bullish rally, which forces it to form an intraday sideways trading as appears in the above image, there is a possibility for testing the support at 2.4200, which forms the line between the price stability within the bullish range and between forming a negative attack in the upcoming period.

We remind you that achieving the required breach will open the way towards recording more of the targets that begin at 2.7300, besides the moving average 55 rally to the mentioned support increases the strength of the support to confirm the bullish attempts.

Expected trading range for today is between 2.4500 and 2.7300

Expected trend for today: bullish.