Copper continues the bullish attempts 26/12/2013
Economies.com
2013-12-26 12:26PM UTC
Copper price clearly breached 3.3800 resistance level which represented the initial target recently, to notice hitting 3.4470 level, which makes us continue expecting the bullish bias domination until reaching 3.4750 level which represents 61.8% Fibonacci level as shown in the image.
Stochastic settles below 80 level, which might affect the current trading to form sideways bias until gaining new momentum to support the continuation of the positive trading conditioned by the stability of 3.2800 support level
Expected trading range is between: 3.3500 and 3.4700
Expected trend for today: Bullish
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