Copper repeats the bullish attempts – Analysis – 13-1-2017

Copper price keeps forming bullish trading by its stability above the support at 2.5700, to support our bullish expectation that targets 2.7300 level initially, and the continuation of the positive pressure makes us expect the extension of the trading towards recording more of the gains by reaching the recorded top at 3.2000.

Stochastic succeeded to settle positively within the overbought level to reinforce the bullish suggestion, which provides the required momentum for achieving the waited targets.

Expected trading range for today is between 2.5700 and 2.7300

Expected trend for today: bullish.