Copper price remains affected by the continuation of the main indicators’ contradiction, as it provided new sideways fluctuations, to keep its negative stability below the barrier at $5.5100, to support the chances of renewing the corrective attempts in the near and medium period.

 

While gaining negative momentum will increase the chances of reaching $5.2700 level, forming the initial target in the current period reaching $4.9500, while breaching the barrier will confirm delaying the negative attempts, to expect recording some gains by its rally towards $5.6300 and $5.7500.

 

The expected trading range for today is between $5.2700 and $5.5500

 

Trend forecast: Bearish