Copper price continues calm sideways trading in the last period, attempting to gather extra positive momentum to reinforce the continuation of the positivity that depends on the stability above the support level at $5.3200.

 

Therefore, we will keep our bullish expectation of the target $5.4700 level, reaching the next main target at $6.0400, while the trading below the support will force the price to provide some bearish correctional trading to target $5.1500 and $4.9800 level before any attempt to record any of the extra targets.

 

The expected trading range for today is between $5.3500 and $5.7200

 

Trend forecast: Bullish