Copper price remains stable until this moment above the moving average 55, which keeps forming extra support level at $5.9500, obstructing the chances of resuming the previously waited corrective decline.

 

Reminding you that the negative stability below $6.3000 barrier supports the dominance of the bearish corrective track, to keep waiting for gathering the required extra negative momentum to break the current obstacle, to reach negative stations that might begin at $5.8200 and $5.7100.

 

The expected trading range for today is between $5.820 and $6.1500

 

Trend forecast: Bearish