Copper price once again yielded to the stability of the additional support level at $5.5100, prompting it to form new upward waves and stabilize near the $5.7600 level, thereby postponing the previously expected corrective decline

 

The continued conflict among the main indicators is likely to push the price toward mixed and unstable trading. It is worth noting that repeated stability below the barrier at $5.9700 encourages us to wait for the price to gather additional negative momentum, which would make it easier for it to move toward $5.5100. A break below this support could extend the corrective decline toward further levels, starting at $5.3900 and then $5.2200.

 

 

The expected trading range for today is between $5.6200 and $5.8800.

 

Trend forecast:Sideways