No news for Copper price – Analysis – 13-6-2019

Copper price still stable positively above the bullish channel’s support line at 2.6300, without recording any new positive target, due to the continuous contradiction between the major indicators, assuring the importance of holding above the support line to avoid any losses that might appear due to the attempt to change the main trend, followed by waiting to reach the main targets at 2.7200 followed by 2.7800.

We remind you that declining below the current support and getting negative close will confirm the price surrender to the negative trades, expecting to suffer many losses by declining towards 2.5370 followed by 2.4460 direct.

The expected trading range for today is between 2.6300 and 2.7200

The expected trend for today: Bullish