Copper price continues the attempt to resume rising – Analysis – 17-4-2019

Copper price confirmed keeping the bullish bias domination by forming frequent positive fluctuation to move away from the main support 2.8500 today, also, the attempt to hold above 2.8800 level will increase the chances of reaching the additional positive stations located at 2.9800 followed by 3.0200.

The consolidation of the moving average 55 around the main support confirms blocking the price within the bullish range, also, stochastic rally above 50 level paves the way to gather new positive momentum to increase the chances of reaching the waited targets.

The expected trading range for today is between 2.9000 and 2.9800

The expected trend for today: Bullish