No news for Copper – Analysis – 4-10-2017

Copper price still confined within the tight range represented by 2.8600 support and 3.0800 resistance, reminding you that the consolidation within the bullish channel allows us to wait to breach the current resistance to manage to resume recording targets that start at 3.4000.

Until we get the required breach, the sideways trading will remain suggested, expecting to witness mixed trading between the main levels, noting that the stability of the moving average 55 above the bullish channel's support confirms blocking the price within the bullish range and increases the chances of rallying bullishly in the near term and medium term period.

Expected trading range for today is between 2.8600 and 3.0800

Expected trend for today: Fluctuated within the bullish range