Despite Copper price’s slow moves, forming new bullish wave and approaching the moving average 55 reinforces the bullish overview by settling within the bullish channel, thus, we will keep waiting to resume the bullish attack to target 2.8500 level, and surpassing this barrier will allow the price to reach the next main station at 2.9300.
We notice stochastic rally above 50 level to support our bullish overview by providing new positive momentum to increase the chances of reaching the waited positive targets.
Expected trading range for today is between 2.7300 and 2.8500
Expected trend for today: Bullish