Copper awaits the breach – Analysis - 20-06-2017

Copper price kept its stability within the sideways range to move tightly between 2.5350 support and 2.5850 resistance as appears on chart, which allows us to stay neutral today until breaching one of the main levels to detect the main targets of the upcoming period.

We remind you that surpassing the resistance will push the price to attempt to build bullish bias again, expecting to target 2.6500 followed by testing the main resistance at 2.7500, while declining below the current support will open the way to form strong negative attack and attempt to reach the first negative target at 2.4300.

Expected trading range for today is between 2.5850 and 2.5300

Expected trend for today: Neutral