Copper holds against stochastic negativity – Analysis – 4-1-2018

Copper price showed positive stability against stochastic negativity by consolidating above 3.2000 level, to decrease the chances of forming any unexpected negative fluctuation, thus, we will keep suggesting the sideways trading for now until gathering the bullish momentum again to assist to resume the bullish attack that targets 3.4400 mainly, followed by reaching 3.5300 that forms the bullish channel's resistance extension.

The stability of the moving average 55 below the current price assists to block the price within the bullish range, to reinforce the positive stability until gathering the required positive momentum.

Expected trading range for today is between 3.2000 and 3.4400

Expected trend for today: Bullish