Copper price faces the indicators’ negativity – Analysis – 10-12-2018

Copper price succeeded to settle within the bullish channel until this moment, to face the negativity of the major indicators, while the positive stability above the bullish channel at 2.7000 reinforces the bullish overview for the near term and medium term period that targets 2.8500 level as a main station.

Stochastic stability above 20 level supports our bullish overview to expect the beginning of providing new positive momentum to assist to form the waited bullish waves.

Expected trading range for today is between 2.7000 and 2.8000

Expected trend for today: Bullish