Copper attempts to test the support – Analysis – 13-6-2017

Copper price was forced to form intraday negative rebound yesterday due to facing sudden negative pressure and approach from 2.5800 support line, while we remind you that the correctional bullish scenario depends on the stability of this support, to keep waiting to gather new bullish momentum followed by attempting to record the waited targets at 2.6750 followed by 2.7680.

In case breaking the current support and providing negative close, this will push the price back to settle within the bearish channel and allows us to suggest the negative domination again, to target 2.5000 followed by 2.4300.

Expected trading range for today is between 2.5800 and 2.6750

Expected trend for today: Bullish