Copper keeps the positive stability – Analysis – 18-8-2017
Economies.com
2017-08-18 08:44AM UTC
Copper price kept its positive stability by providing positive trading above the support at 2.8700, besides providing positive motive by the moving average 55 stability near the main bullish channel, which makes us expect providing more of the bullish attempts that target 61.8% Fibonacci correction level at 3.1000.
Stochastic repeats the attempts for holding above 50 level to increase the chances for gathering the bullish momentum, which ease the attempt to reach the suggested target.
Expected trading range for today is between 2.8700 and 3.1000
Expected trend for today: Bullish.
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