Copper gains new momentum – Analysis – 13-3-2018
Economies.com
2018-03-13 06:05AM UTC
Copper price succeeded to gain new momentum yesterday, due to stochastic rally above 50 level, reinforcing the continuation of the bullish bias domination, and the stability of the main support at 3.0500 forms the main factor for the continuation of the positivity, targeting 3.2000 level in the near period reaching to the top at 3.3200.
We should mention that the price attempt to reach below the main support and providing negative close below this level will cancel the positive overview, to begin targeting several levels that begin at 2.9500.
Expected trading range for today is between 3.1000 and 3.2000
Expected trend for today: Bullish
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