Copper price kept its stability above the minor bullish channel’s support at$6.4500, announcing the continuation of the previously suggested bullish scenario, the current sideways fluctuations are caused by the continuation of the main indicators’ contradiction, specifically by stochastic reach below 50 level.

 

Therefore, we expect to provide mixed sideways trading until gathering extra bullish momentum, to activate the bullish attempts by targeting $6.7400 initially, and surpassing it will extend the trading towards the extra targets near $6.8500 and $7.0200.

 

The expected trading range for today is between $6.5000 and $6.7400

 

Trend forecast: Bullish