Copper resumes the positivity – Analysis – 17-8-2017
Economies.com
2017-08-17 07:09AM UTC
Copper price succeeded to form new positive rally yesterday to breach 2.9500 barrier and reinforce the bullish bias domination for the upcoming period, while we expect targeting 3.1000 level next, and the continuous positive pressures will extend trading to touch the bullish channel's resistance around 3.2500.
Stochastic rally above 50 level assists to provide the required positive momentum to achieve the main waited targets.
Expected trading range for today is between 2.9500 and 3.1000
Expected trend for today: Bullish
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