Copper price reached the corrective target in Friday’s trading by reaching $5.5100 extra support level, rebounding quickly but its stability below $5.9700 barrier by providing negative momentum by stochastic, so that makes us keep the corrective scenario in the near- term trading.

 

Therefore, we expect renewing the negative attempts to press on $5.5100 level again, and breaking it will ease the mission of targeting new negative stations that might extend towards $5.4100 and $5.2800.

 

The expected trading range for today is between $5.5100 and $5.9500

 

Trend forecast: Bearish