Copper begins the rise – Analysis – 11-1-2017

Copper price succeeded to surpass the barrier at 2.5700 yesterday, to confirm the continuation of the bullish bias domination, recording some gains by its stability at 2.6100, we wait until reaching the waited target at 2.7300, where surpassing it will open the way towards recording more of the gains that begin at 3.000.

The main indicators keep providing the required positive momentum to achieve the suggested targets, to notice stochastic attempt to settle within the overbought level, which assists the price to surpass to the upside in the upcoming period.

Expected trading range for today is between 2.5300 and 2.7300

Expected trend for today: bullish