Copper price returned to form weak sideways trading due to the contradiction between the main indicators, by stochastic reach below 50 level, which forces it to settle below $5.2000, announcing its readiness to activate the bearish corrective trend again.

 

Facing negative pressure in the current period might force it to attack the extra support near $4.7500 and surpassing it might extend the losses towards $4.6300 reaching the moving average 55 at $4.4600.

 

The expected trading range for today is between $4.7500 and $5.1200

 

Trend forecast: Bearish