Copper repeats the positive stability – Analysis – 25-4-2018
Economies.com
2018-04-25 06:48AM UTC
Copper price continues to face stochastic negativity, by providing new positive close within the bullish channel levels, to confirm its readiness to resume the bullish attack in case of gathering new positive momentum.
Surpassing 3.2400 level is important to open the way towards renewing the pressure on the top at 3.3200, to wait for reaching the bullish channel’s resistance at 3.5000.
Note that the price attempt to reach below the bullish channel’s support at 3.000, so that will cancel the positive overview, to begin building strong negative trading, suffering big losses by reaching 2.8500 and 2.7050.
Expected trading range for today is between 3.1000 and 3.2400
Expected trend for today: Bullish
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