Copper price remains affected by the temporary negative pressures that comes from stochastic exit from the overbought level, which forced it to provide extra pressure on the initial support at $5.9700 as appears in the above image.

 

The continuation of the negative pressures might force it to activate the bearish corrective track, to expect targeting $5.8200 level, to begin forming new bullish waves, while surpassing $5.8200 level and holding below it might motivate more of the bearish attempts, which might extend towards $5.7100.

 

The expected trading range for today is between $5.8200 and $6.050

 

Trend forecast: Fluctuated within the bullish trend