Copper price suffered new positive pressures due to the continuation of forming extra support by moving average 55 stability near $5.9500, besides stochastic rally to 80 level, forcing it to delay the previously waited corrective attempts by its rally towards $6.2850, approaching the initial barrier.

 

The continuation of the positive pressure might push it to surpass the current barrier, to record some gains by its rally towards $6.3800 and $6.4500, while the failure of the breach will force it to provide mixed trading with a new chance to target $6.1000 level, reaching the mentioned support to find an exit for activating the corrective trend again.

 

The expected trading range for today is between $6.1500 and $6.3800

 

Trend forecast: Bullish