Copper needs to achieve the breach – Analysis – 8-2-2017

Copper price remains stable below the resistance at 2.7300 to keep providing slow mixed trading until this moment, reminding you that the stability of the support at 2.5700 assists the price attempt to form bullish trading to keep waiting for breaching the resistance that allows it to resume recording the positive targets that begin at 2.800 reaching to 2.9500 in the upcoming period.

Therefore, we will suggest the bullish bias in the near trading, due to the main indicators agreement, to attempt to provide new positive momentum, which eases achieving the required breach and begin recording new positive targets.

Expected trading range for today is between 2.5700 and 2.7300

Expected trend for today: bullish