Copper price returned to form weak and sideways trading, attempting to face stochastic negativity that is located within the oversold level, to keep the main stability above the main bullish channel’s support at $4.0500.

 

The attempt of the moving average 55 to reinforce the stability of the extra support at $4,2600 might help it to provide some positive momentum, to ease the mission of targeting the positive stations near $4.6300 and $4.7400.

 

The expected trading range for today is between $4.3700 and $4.6300

 

Trend forecast: Bullish