Copper price keeps the bullish attempts – Analysis – 21-1-2019

Copper price hinted keeping the bullish attempts by settling above 2.6400 level, while its current fluctuation around the first target at 2.7000 reinforces the reasons to resume the bullish correction by attempting to gather new positive momentum and wait to reach 2.7500 in the upcoming period.

Stochastic rally towards the overbought areas increases the positive pressures, to reinforce our bullish overview until touching the mentioned target that represents the extension of a key resistance as appears on the chart.

Expected trading range for today is between 2.6800 and 2.7500

Expected trend for today: Bullish