Copper price continued providing negative closes below the resistance at $6.6600 level, forming several corrective waves, approaching the initial support at $6.1000, which represents detecting key for the expected trend in the near and medium trading.

 

Noticing the continuation of providing negative momentum by stochastic, which makes us wait for breaking the current support, to reinforce the chances of targeting extra corrective stations by reaching $5.9600 and $5.8200.

 

The expected trading range for today is between $ 5.9600 and $6.3600

 

Trend forecast: Bearish