Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.

 

We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.

 

The expected trading range for today is between $4.9500 and $5.2000

 

Trend forecast: Fluctuated