Copper repeats the positive closings – Analysis – 17-10-2017

Economies.com
2017-10-17 06:50AM UTC

Copper price confirmed the continuation of the bullish bias domination by providing new positive closes above 3.0800 level, which makes us wait until achieving the main target at 3.4300, besides stochastic stability within the overbought level until this moment, that reinforces our bullish suggestion, to shrink the possibility of providing any negative rebound that might decelerate the positive attempts.

 

Expected trading range for today is between 3.1600 and 3.4300

 

Expected trend for today: Bullish

 

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