Copper price has continued to show mixed sideways trading, affected by its position below the stable resistance at $6.6000, which is limiting the chances of resuming bullish attempts, with repeated fluctuations forming near the $6.4500 level.

 

We expect that the Stochastic indicator’s attempt to provide negative momentum may lead the price to start forming downward corrective waves, through which it may pressure the $6.2500 level and then attempt to reach the additional support level at $6.1000.

 

 

The expected trading range for today is between $5.2500 and $6.6000

 

Trend forecast: Bearish