Copper price remained under pressure by persistently trading below $5.1300 and pressuring the $5.00 barrier, in an attempt to resume its profit-taking operations.

 

As the Stochastic holds near the 20 level and sends out negative signals, it’ll only reinforce the downward correctional path towards $4.9100 then $4.8100.

 

Expected trading range today is between the $4.9100 support and the $5.1000 resistance.

 

Today’s price forecast: Bearish