There is no change in the suggested bearish corrective scenario of copper price, that depends on the stability at $5.2000, to notice the continuation of providing negative momentum by stochastic approach from level 50, therefore, we will keep our corrective expectation that might target the support at $4.7500.

 

While activating the bullish trend requires providing several positive closes above the previously mentioned barrier, to confirm its readiness to record several gains by its rally  

 

The expected trading range for today is between $4.7500 and $5.1200

 

Trend forecast: Bearish