Copper price keeps the bullish bias – Analysis – 12-6-2019

Copper price reached 2.7000 level yesterday, to move away from the bullish channel’s support line at 2.6300, hinting keeping the positive attempts, and despite the contradiction between the major indicators, we expect the price to take advantage of stochastic positivity to jump above 2.7200 level and increase the chances of reaching the next positive station at 2.7800.

The risks of facing losses will appear in case the price crawled below the bullish channel’s support line, as it will open the way to form strong negative attack and move towards 2.5370 followed by 2.4660 levels.

The expected trading range for today is between 2.6400 and 2.7200

The expected trend for today: Bullish