Copper provides positive stability – Analysis – 22-12-2017
Economies.com
2017-12-22 10:15AM UTC
Copper price provided clear positive stability yesterday by consolidating around 3.2000, hinting the affection of the bullish bias domination, reminding you that succeeding to surpass the positive target at 3.2500 will open the way to form strong bullish attack and increase the chances of reaching the main resistance at 3.5000.
The stability of 3.0800 initial support and stochastic consolidation within the overbought areas form major factors to confirm the bullish attempts and decrease any attempt to form any unexpected negative rebound.
Expected trading range for today is between 3.1200 and 3.3600
Expected trend for today: Bullish
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