Copper continues the intraday bearish correctional attempts – Analysis – 30/7/2015

Copper price kept its positive stability above 2.3000 level, to continue offering bullish correctional waves until this moment, while we remind you that stochastic rally above 50 level forms the main factor that pushes the price towards 2.5000 level, followed by waiting to get new negative momentum to renew the negative attempts until reaching the main target at 2.1500.

Note that rallying above 2.5500 will delay the negative domination until the price reaches the main resistance at 2.7000.

Expected trading range for today is between 2.5000 and 2.3000

Expected trend for today: Fluctuated within the bearish level