Copper settles above the moving average55 – Analysis – 14-6-2017

Copper price touched the extension of the support yesterday, to face the moving average 55, to increase the stability of the current support and to confirm the continuation of the suggested positivity, we expect the beginning of forming true positive trading in the current period, to attempt to reach the initial positive target at 2.6750 then extend the trading to the main resistance at 2.7600.

Stochastic positive rally and its stability above 50 level reinforces the positive suggestion, which provides new positive momentum that confirms the attempt of achieving the suggested targets.

Expected trading range for today is between 2.5800 and 2.6750

Expected trend for today: Bullish