Copper pushes on the sideways range support – Analysis – 21-6-2017

Copper price gathered clear negative momentum to decline towards the sideways range support line at 2.5300, to form clear obstacle against the negative release, while we will not manage to detect the main targets for the near term and medium term period as long as the main levels represented by the mentioned support and 2.5730 initial support remain intact, to stay neutral until breaching one of these levels.

The expected targets after breaching one of the above mentioned main levels are explained in our previous report.

Expected trading range for today is between 2.5730 and 2.5300

Expected trend for today: Neutral