Copper price renews the positivity – Analysis – 14-1-2020

Copper price hinted the preparation to renew the bullish attempts by providing clear positive pressure on 2.8400 barrier, to get rid of the domination of the correctional bearish bias, while confirming the bullish rally requires the price stability above this barrier to allow us to suggest reaching the positive stations located at 2.9000 and 3.0200 in the near term and medium term period.

Our bullish overview depends on the major indicators that provide positive momentum, noticing stochastic attempt to crawl towards the overbought areas to increase the chances of recording the suggested targets.

The expected trading range for today is between 2.8000 and 2.9000

The expected trend for today: Bullish