Copper gains new positive momentum – Analysis – 15-1-2018
Economies.com
2018-01-15 07:33AM UTC
Copper price continued to resist the negative pressures recently to keep the positive consolidation above the initial support at 3.2000, noticing that the price gathers new positive momentum to renew the bullish attempts by rallying towards 3.2850.
We expect the price to form strong positive attack in the near term period to target 3.4400 followed by attempting to reach the bullish channel's resistance at 3.5700 to form the main target of the bullish bias.
Expected trading range for today is between 3.2000 and 3.4400
Expected trend for today: Bullish
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