Copper price remains affected by stochastic negativity, forcing it to fluctuate below $5.7500 barrier, and begin forming bearish corrective waves by targeting $5.5500 level, approaching the waited target in our previous analysis.

 

Noting that the continuation of facing negative pressure might push the price to break $5.5100 support, and holding below it will confirm targeting new corrective stations that might begin at $5.4100 and $5.2800.

 

The expected trading range for today is between $5.5100 and $5.7800

 

Trend forecast: Bearish