Copper price continued its negative moves, conforming its surrender to the previously suggested bearish corrective scenario, fluctuating near $5.6780 level, the stability below $5.9700 barrier and the continuation of providing negative momentum by stochastic will increase the chances of facing $5.5100 support, and breaking it will force it to suffer extra losses by reaching $5.3600 initially, reaching the next support at $5.1000 level.

 

The expected trading range for today is between $5.5100 and $5.8500

 

Trend forecast: Bearish