Copper price uses stochastic– Analysis – 10-10-2017

Copper price gained new positive momentum yesterday by stochastic rally to the overbought level, to confirm the continuation of the expected positivity, reminding you that surpassing the barrier at 30800 important for resuming achieving the gains that begin at 3.1800 reaching to 3.4000.

The stability of the price within the bullish channel and the stability of the moving average 55 above the main support at 2.8000 for today reinforces our bullish suggestion, to keep waiting for achieving the suggested targets.

Expected trading range for today is between 2.9600 and 3.1800

Expected trend for today: Bullish