Copper attempts to keep the positivity – Analysis – 23-6-2017

Copper price still stable above the initial support at 2.5700 until this morning, to increase the attempts of resuming the expected bullish attack, also, the stability of the key support 2.5400 confirming blocking the price within the bullish range, to keep waiting to move towards 2.6500 target, followed by attempting to test the main resistance at 2.7500.

Stochastic attempt to form new bullish wave reinforces the positive overview and agrees with the consolidation of the moving average 55 around the initial support to assist to provide the required momentum to achieve the previously waited targets.

Expected trading range for today is between 2.5700 and 2.6500

Expected trend for today: Bullish