Copper repeats the bullish attempts – Analysis – 6-1-2017
Economies.com
2017-01-06 08:48AM UTC
In spite of copper price rebound below the resistance at 2.5700, but the bullish range will remain valid generally by providing positive trading above the support at 2.4200, the main indicators attempt to provide positive momentum makes us keep our bullish overview until reaching the recorded top at 2.7300.
The price decline below the mentioned support considered as a strong threat to the bullish range, which opens the way towards strong negative trading to suffer clear losses by reaching 2.2200, therefore, we recommend monitoring the price behavior when reaching this support in the near trading.
Expected trading range for today is between 2.4500 and 2.7300
Expected trend for today: bullish
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