No change for copper price’s bearish corrective track, despite the continuation of the main indicators’ contradiction, but the stability below the barrier at $5.9700 supports this negativity in the near trading.

 

Therefore, we will keep waiting for the resuming negative attempts, which might target the extra support level at $5.5100, note that breaking this support will open the way for targeting new corrective stations that might extend towards $5.3600 reaching the next support base at $5.1000 level.

 

The expected trading range for today is between $5.5100 and $5.7500

 

Trend forecast: Bearish