Copper repeats the bullish attempts – Analysis – 6-4-2017

Copper price kept its stability within the bullish range by its stability above the moving average 55 recording 2.6800 level as appears in the above image, short term trading between us and the initial target at 2.7200, reminding you that surpassing this level will reinforce the domination of the positivity in the upcoming period, to expect targeting several positive levels that begin at 2.800 reaching to 2.9500.

The price might be forced to provide an intraday sideways trading, due to stochastic surpass to the overbought level, opening the way towards gathering new positive momentum, which increases the chances for surpassing the current target, to keep preferring the domination of the positivity in the upcoming period.

Expected trading range for today is between 2.6200 and 2.8000

Expected trend for today: bullish