Copper price kept the bullish scenario by surpassing the barrier at $5.9700, to begin recording new historical gains by its stability near $6.0700, despite the weakness of the bullish momentum, there is a chance for targeting $6.1200, and surpassing it will reinforce the chances of reaching the bullish channel’s resistance at $6.2050.

 

The risk of changing the current trend and beginning the bearish corrective scenario by the price attempt to decline below $5.7500, which might force it to suffer several losses to gather more gains reaching $5.6000 and $5.5100.

 

The expected trading range for today is between $5.8800 and $6.2000

 

Trend forecast: Bullish