Copper suffers the support line stability – Analysis – 10-1-2017
Economies.com
2017-01-10 08:51AM UTC
Copper price provided more of the bullish attempts to approach from the initial barrier at 2.5700, surpassing this level confirms the continuation of the positivity in the upcoming period, therefore, we will keep waiting for the price rally towards recording the suggested targets at 2.7300 reaching to 3.000 level.
The moving average 55 approaches the support at 2.4200 to confirm the price confinement within the bullish range, to agree with stochastic positivity by its approach from 80 level.
Expected trading range for today is between 2.4500 and 2.7300
Expected trend for today: bullish
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