Copper suffers the support line stability – Analysis – 16-1-2017

Copper price affected by positive pressure since the last trading, to reinforce the continuation of the positivity, to approach from the waited target at 2.7300, to expect the continuation of the pressure to attempt to surpass the waited level, to open the way towards recording more of the targets that begin at 2.8500 reaching 2.9600 level.

Stochastic stability within the overbought level that reinforces the positive pressures, to increase the chances for surpassing the near barrier to resume recording the suggested targets.

Expected trading range for today is between 2.6400 and 2.8500

Expected trend for today: bullish