Copper fluctuates within the positive range – Analysis – 30-3-2017

Economies.com
2017-03-30 08:25AM UTC

Copper price kept its positive stability above the breached resistance at 2.6320, the sideways fluctuations caused by the contradiction of stochastic by its intraday decline below 50 level, which makes us wait until gathering new bullish momentum to push it to achieve the suggested positive levels at 2.7200 and 2.8000.

 

The stability of the moving average 55 near the breached resistance confirms the price confinement, to form good support against the current trading at 2.6300, which makes us wait until gathering new bullish momentum as we mentioned previously.

 

Expected trading range for today is between 2.6300 and 2.7200

 

Expected trend for today: bullish 

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