Copper price remains needs positive momentum, which forces it to delay the previously waited bullish attack, to keep providing sideways trading near $4.9000, note that the stability above $4.7500 support is important, to keep waiting for gathering extra positive momentum to pave the way for surpassing the barrier near $5.0600, then begin recording some gains by its rally towards $5.2000 and $5.3200.

 

While facing new negative pressures and reaching below the current support might force it to form correctional trading, to suffer intraday losses by reaching $4.6200 followed by the moving average 55 near $4.4000.

 

The expected trading range for today is between $4.7500 and $5.2000

 

Trend forecast: Bullish