Copper price provided strong positive rally yesterday to breach 2.6000 resistance and get rid of the bearish channel's domination for the near term and medium term period, while the stability of 2.6000 level forming new support allows us to expect providing bullish attack to target 2.6700 followed by attempt to test the resistance at 2.7600.
The price gets its positive momentum through the consolidation above the moving average 55, also, stochastic release from the overbought areas will increase the chances of gathering additional momentum to ease the mission of achieve the previously mentioned targets.
Expected trading range for today is between 2.6000 and 2.7600
Expected trend for today: Bullish