Copper leans on the moving average 16/7/2013
Copper price fluctuates within tight range recently to settle positively above the moving average 55 as shown in the image, therefore, we continue to expect more positivity to reach 3.2500 level
Stochastic supports our overview by forming bullish wave that allows it to surpass 50 level to support the bullish bias domination in the upcoming period.
Expected trading range is between: 3.1100 and 3.2500
Expected trend for today: Bullish