Copper confirms its positive stability – Analysis – 8-8-2017

In spite of Copper sideways trading in the last period, but its stability above the initial support at 2.8200 confirms the continuation of the waited bullish attempts, by the above image, we notice forming a main bullish channel, surpassing the barrier at 2.9500 makes us expect recording more of the positive targets that begin at 3.1000 reaching to 3.250 in the upcoming period.

Stochastic attempt to form bullish wave that assists to provide new positive momentum that allows the price to detect the bullish attack and attempt to achieve the waited targets.

Expected trading range for today is between 2.8200 and 3.1000

Expected trend for today: Bullish.