Copper resists stochastic’s negativity– Analysis – 20-3-2018

Copper price continued to resist stochastic’s negativity attempting to keep the positive stability within bullish range by settling above 3.0700 support, assuring the importance of monitoring the price behavior to avoid any losses that might appear due to changing the main track by breaking the current support followed by reaching the positive targets at 3.2000 followed by 3.3200 levels.

We remind you that attempting to crawl below the current support and getting negative close will confirm surrendering to the bearish bias domination and open the way to suffer more losses by moving towards 2.9500 and 2.8500 levels.

Expected trading range for today is between 3.0700 and 3.2000

Expected trend for today: Bullish