Copper leans on the moving average – Analysis – 20-4-2018

Copper price formed intraday correctional bearish wave to notice its consolidation above the moving average 55 at 3.1000, also, the stability of the main bullish channel’s support at 3.000 confirms the price affection by the continuation of the positivity, to keep waiting to achieve the main targets at 3.2400 followed by 3.3200.

Note that stochastic continuous fluctuation above 50 level increases the chances of gaining additional positive momentum to ease the attempt to reach the waited targets.

Expected trading range for today is between 3.1000 and 3.2400

Expected trend for today: Bullish