Copper repeats the sideways fluctuation – Analysis – 23-10-2017

Copper price repeated providing extra sideways trading due to the continuous contradiction between the main indicators, which decelerates resuming the waited bullish attack, reminding you that the stability of the price within the bullish channel and the stability of the support at 3.0800 against the sideways fluctuation makes us wait for gathering new positive momentum that allows it to achieve more of the targets by reaching 3.3200 reaching to the main resistance at 3.4500.

You should be aware that the attempt to provide negative close below 3.0800 level will delay the bullish overview, to suffer intraday losses by testing the bullish channel at 3.4500.

Expected trading range for today is between 3.0800 and 3.3200

Expected trend for today: Bullish