Copper keeps the positivity – Analysis – 12-3-2018

Economies.com
2018-03-12 08:13AM UTC

Copper price confirmed the continuation of the bullish bias by providing new positive close above the bullish channel’s support at 3.0500, the price rally above the moving average 55 makes us confirm the continuation of the positivity that targets 3.2000 level initially reaching to 3.3200 in the upcoming period.

 

Stochastic attempt to reach above 50 level forms main factor to confirm the continuation of the positivity by providing new positive momentum, to ease the attempt to reach the mentioned targets.

 

Expected trading range for today is between 3.1000 and 3.2000

 

Expected trend for today: Bullish

 

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