Despite forming bullish wave by copper price and its stability near $5/7500, but it couldn’t confirm its readiness to activate the bullish attack, due to the continuation of the main indicators’ contradiction, besides the stability of the price below $5.9700 barrier.

 

Providing mixed trading when gathering extra negative momentum will make reach $5.5100 support, forming confirmation key for the main trend in upcoming trading, breaking this support will force it to resume the corrective decline, to expect reaching $5.3600 followed by $5.1000.

 

The expected trading range for today is between $5.5500 and $5.8500

 

Trend forecast: Bearish