Copper price attempted to face the negative pressures by fluctuating above the initial support 4.5300$, while the continuous contradiction between the major indicators pushes the price to provide new sideways trades to keep its stability below 4.6800$ barrier.

 

We expect to continue providing sideways trades, noting that stochastic continuous negative momentum might assist to decline below the current support and suffer additional losses by reaching 4.4600$.

 

The expected trading range for today is between 4.4600$ and 4.6200$

 

Trend forecast: Bearish