Copper price ended the last bullish rally by facing a key barrier at $6.7400, to settle below it, forming the confirmation key for the near and medium trading, therefore, we recommend waiting for the price to activate with the main indicators’ positivity and achieving the required breach to confirm its readiness to record extra gains by its rally towards the historical top near $6.8000, attempting to record new historical gains that might begin at $6.8600 and $6.9300.

 

While the failure in breaching this level will push the price to provide mixed trading with a chance to activate the bearish corrective trend, which forces it to decline towards $6.5700.

 

The expected trading range for today is between $6.6500 and $6.8600

 

Trend forecast: Bullish