Copper price remains affected by the negative factors, which forces it to delay the positive attempts and provide some corrective trading by its stability near $4.9000, reminding you the continuation of providing negative momentum by stochastic might force it to retest the extra support at $4.7500, and breaking this support will force it to suffer extra losses that might extend towards $4.5400 and $4.3200.

 

While activating the bullish track requires forming strong bullish waves, to settle above $5.2000 level, then attempts to record extra gains by its rally towards $5.3200 and $5.5100.

 

The expected trading range for today is between $4.7500 and $5.0500

 

Trend forecast: Bearish