Copper keeps rising – Analysis – 13-10-2017

Copper price showed new positive close above 3.0800 to hint keeping the bullish bias domination by reaching 3.1350, while we are waiting to touch our first target at 3.1800, reminding you that the continuous positive pressures will push the price to record more targets by moving towards 3.4000 in the upcoming period.

The consolidation of the price within the bullish channel confirms the continuation of the positivity for the upcoming trading, also, stochastic stability within the overbought areas eases the attempts to reach our main targets.

Expected trading range for today is between 3.000 and 3.1800

Expected trend for today: Bullish