Copper price surrendered to the stability of 4.6800$ barrier to force it to activate the bearish track again by crawling below 50% Fibonacci correction level and settling near 4.4900$.

 

Stochastic attempt to provide the negative momentum increases the negative pressures, to expect suffering additional losses by moving towards 4.4100$ followed by reaching the MA55 at 4.3200$.

 

The expected trading range for today is between 4.4100$ and 4.5600$

 

Trend forecast: Bearish