Copper continued to post upward corrective trades, but its repeated positioning below the additional barrier at $6.4200 supports the dominance of the bearish bias in the near and medium terms. We currently emphasize the importance of gathering negative momentum, which could facilitate a move toward the bearish targets, starting at $6.2100 and extending to the support level at $6.1000.

 

On the other hand, breaking above the aforementioned barrier and holding above it would confirm the continuation of the bullish corrective scenario, giving the price an opportunity to achieve further gains by gradually advancing toward $6.4900, followed by the next resistance level near $6.6100.

 

The expected trading range for today is between $6.2100 and $6.4000

 

Trend forecast: Bearish