Copper price needs to breach the moving average – Analysis – 18-9-2018

Economies.com
2018-09-18 06:20AM UTC

Copper price tested the key support 2.5870 yesterday, which forces it to provide strong positive rebound to settle around the moving average 55, while the price needs to breach the current barrier at 2.6570 to open the way to achieve new positive levels that start at 2.7160 top, followed by reaching 2.7950 in the upcoming period.

 

Stochastic reach to 80 level reinforces the bullish overview by providing new positive momentum to increase the chances of achieving the required breach.

 

Expected trading range for today is between 2.6000 and 2.7160

 

Expected trend for today: Bullish

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