Copper settles above the average - 20-3-2017
Economies.com
2017-03-20 08:03AM UTC
Copper price confirmed its affection by the bullish attempts by proviidng repeated closes above the support at 2.6300 besides its current stability above the moving average 55, therefore, we will keep our positive suggestion until the price reach to the initial traget at 2.7300 reaching to the resistance at 2.8000.
note that the price current fluctuation caused by stochastic decline belwo 50 level, to deceleare the bullish rally, to wait until gathering the positive momentum in the near period, confirming the continuation of the suggested positivity.
expected trading range is between 2.6300 and 2.7300
expected trend for today: bullish.
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