Copper attempts positively – Analysis – 6-10-2017

Economies.com
2017-10-06 08:33AM UTC

Copper price provided some additional positive trading to approach from 3.0800 barrier, reminding you that it is important to surpass this barrier to manage to resume the bullish attack that targets 3.1800 followed by reaching the bullish channel's resistance around 3.3800.

 

We notice stochastic attempt to crawl towards the overbought areas, which supports the bullish overview by providing new positive momentum and eases the attempt to achieve the required breach.

 

Expected trading range for today is between 2.9600 and 3.1800

 

Expected trend for today: Bullish

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