Copper needs to breach – Analysis – 27-6-2017

Copper price still lacking the positive momentum, to notice its continuous fluctuation above the key support 2.5400, affected by the stability of 2.6400 level that forms the key to resume the bullish attack as mentioned in our previous report, while we expect more sideways trading until achieving the required breach followed by starting to reach the main positive targets that start at 2.6800 followed by 2.7500.

Stochastic approach from the oversold areas assists to decrease the negative pressure on the price and raises the chances of gathering the positive momentum in the near term period, to manage to achieve the required breach and reach our targets.

Expected trading range for today is between 2.6000 and 2.6800

Expected trend for today: Bullish