Copper gets ready to rise – Analysis – 12-4-2017

Economies.com
2017-04-12 07:37AM UTC

Copper price ended its intraday negative fluctuation by facing the support at 2.5700 to form a strong barrier, which forces it to settle within the bullish range as we expected previously, stochastic rally above 50 level opens the way towards gathering the required bullish momentum to begin recording the positive targets to wait until reaching 2.8000 in the near period, to extend the trading to 2.9500 which forms the second station for the bullish bias.

 

Expected trading range for today is between 2.5700 and 2.8000

 

Expected trend for today: bullish

 

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