Copper price provided sideways trading, keeping its stability within the bullish track by its fluctuation near$5.5000 level, due to stochastic attempt to exit the overbought level, which makes us prefer more sideways trading until it gathers the required extra positive momentum for breaching the current barrier, to reach extra stations at $5.6300 and $5.7400.

 

While the failure of the breach might push the price to form some corrective waves, which forces it to suffer temporary losses by targeting the initial support at $5.1300.

 

The expected trading range for today is between $5.3100 and $5.6300

 

Trend forecast: Sideways until achieving the breach