Copper suffers the support line stability – Analysis – 10-2-2017

Copper renewed its attempts by forming positive trading, to settle above the moving average55, reminding you that surpassing the barrier at 2.700 important to confirm the price affection by the bullish bias domination, to reach the suggested targets at 2.8000 reaching to 2.9500 level.

We expect the price affection by an intraday sideways domination until achieving the breach, which confirms that stability of the support at 2.5700 assists the price to settle within the bullish range, and stochastic attempt to form bullish wave reinforces the bullish attempts, which increases the chances for surpassing the mentioned barrier.

Expected trading range for today is between 2.6000 and 2.7000

Expected trend for today: Sideways