Copper attempts to regain the bearish bias – Analysis – 15-6-2017

Copper price couldn’t get enough by testing the support at 2.5800, to surpass the moving average 55 and record 2.5200 level, which supports the attempt of regaining the bearish bias by holding within the bearish channel’s levels, but we need to surpass 2.5200 level to confirm the negativity in the upcoming trading, to expect reaching 2.4300 to form the first main target for the bearish bias.

While the attempt of providing positive close above 2.580 level will cancel the negative attempts, to repeat forming the bullish attack, which forces it to surpass 2.6400 level then reaching 2.7600 to test the main resistance that appears in the above image.

Expected trading range for today is between 2.5800 and 2.4300

Expected trend for today: Bearish