Copper price’s trading extended towards $6.5225 level, achieving new historical gains but its neediness to the negative momentum pushed it to decline again to settle below $6.2100 resistance, to begin gathering some gains by reaching $6.000.

 

The contradiction between the main indicators by the stability below the resistance might increase the efficiency of the bearish corrective track, which might target $5.7500 level reaching the initial support at $5.5100.

 

The expected trading range for today is between $5.8000 and $6.2000

 

Trend forecast: Bearish