Copper price announced delaying the bullish trend by providing new negative closure below $5.9700 level, affected by stochastic negativity, forming some bearish corrective waves to settle near $5.7500.

 

The continuation of suffering negative pressures will increase the efficiency of the bearish corrective track in the near period, which makes us prefer targeting $5.6200 level, repeating the pressure on the extra support at $5.5100, forming confirmation key for the trend of the medium trading.

 

The expected trading range for today is between $5.6200 and $5.9200

 

Trend forecast: Bullish