Copper price faced new positive pressures yesterday, which forced it to delay the previously waited bearish trend by its rally above $5.5100, to record some gains by its rally to $5.6035.

 

Note that holding above $5.5100 for today will increase the chances of targeting new positive stations, reaching $5.7300 and $5.8400, while its decline below the barrier and providing negative close will turn it to the negative path, to begin targeting negative stations by reaching $5.3000.

 

The expected trading range for today is between $5.5200 and $5.7300

 

Trend forecast: Bullish