Copper is about to breach – Analysis – 12-10-2017

Copper price continued to provide frequent positive trading to notice fluctuating above the main barrier at 3.0800, while getting positive close in the next four hours will confirm rallying towards 3.1800 that forms the first positive target, and the continuous positive pressures will extend trading to touch the bullish channel's resistance around 3.4000.

The price gets its main momentum through stochastic stability within the overbought areas to increase the positive pressures that confirm the bullish bias domination, also, the moving average 55 rally above the bullish channel's support confirms blocking the price within the bullish range until achieving the waited targets.

Expected trading range for today is between 3.000 and 3.1800

Expected trend for today: Bullish