Copper price provides intraday positivity – Analysis – 3-10-2018

Copper price succeeded to provide some positive trading affected by the stability of the initial support 2.7500, achieving the first target at 2.8450, while this positivity is temporary unless the price surpassed the key resistance 2.8800 today, which will assist to open the way to record new targets that start at 23.6% Fibonacci correction level at 3.000.

The stability of the moving average 55 around the initial support reinforces our bullish overview by confirming blocking the price within the bullish range, to increase the chances of reaching the mentioned key resistance.

Expected trading range for today is between 2.7800 and 2.8810

Expected trend for today: Bullish