Copper price remains affected by the contradiction of the main indicators, which forces it to provide slow negative trading, to fluctuate near $5.7200, where gathering negative momentum makes us expect forming bearish waves, to attempt to reach the corrective stations at $5.6200, to press on the extra support near $5.5100, forming a key to detect the main trend in the upcoming trading.

 

While regaining the bullish trend requires forming strong bullish rally to settle above $5.9700 level, to begin targeting new positive stations by its rally towards $6.1200.

 

The expected trading range for today is between $5.6200 and $5.8200

 

Trend forecast: Bearish