Copper price depends on the strength of the support – Analysis – 17-6-2019

Copper price faced more negative pressures recently, which led to form new negative wave and settle around the key support 2.6300, while the upcoming scenario depends on the strength of this support line to assist to renew the attempt to reach the positive stations at 2.7200 followed by 2.7800 levels.

On the other hand, facing continuous negative pressures and attempting to provide negative close below the current support will lead to surrender to the negative trades and increase the chances of suffering many losses by moving towards 2.5300 and 2.4500 levels.

The expected trading range for today is between 2.6300 and 2.7200

The expected trend for today: Bullish