Copper awaits the surpass – Analysis – 6-1-2017

Copper price repeated its moves between the main level of the sideways range, affected by the contradiction between the main indicators until this moment, therefore, we will keep the sideways suggestion if the support settled at 2.5700, while the resistance settled at 2.7300, to wait for the price to surpass one of these levels to detect the true trend in the upcoming period.

Reminding you that breaching the resistance will open the way towards recording several positive targets that begin at 2.800 and 2.9500, while providing negative trading below the support level will force the price to suffer some losses to target 2.5000 level initially, then attracted negatively to 2.4200.

Expected trading range for today is between 2.7300 and 2.5700

Expected trend for today: Sideways