Copper price repeats the correctional attempts – Analysis – 25-6-2020

Copper price continued to provide clear positive pressure on the moving average 55 to increase the chances of resuming the correctional bullish attack, while the positive stability above 2.6000 level supports these attempts, to expect recording 2.7100 level soon, followed by attempting to test the bearish channel’s resistance at 2.8000.

Note that attempting to crawl below 2.6000 level and holding below it might postpone the correctional bullish attack and force the price to suffer some losses by moving towards the additional support 2.4530.

The expected trading range for today is between 2.6000 and 2.7100

The expected trend for today: Bullish