Copper fluctuates within the positive range – Analysis – 10-4-2017

Copper price repeated the sideways trading by settling below the moving average 55 to block the waited bullish attempts, but the stability of 2.5700 key support allows us to wait to gather the bullish momentum again, to attempt to renew the bullish attempts until reaching the positive targets at 2.8000 followed by 2.9500.

Stochastic attempt to form positive wave decreases the risks of declining below the key support, to attempt to support the positive domination by providing new positive momentum in the near term period.

Expected trading range for today is between 2.5700 and 2.8000

Expected trend for today: Bullish