Copper price neediness to the negative momentum that comes from the moving average 55 positivity contradiction with stochastic attempt to provide the negative momentum led to form new sideways trading, due to its fluctuation near the barrier at $5.5100 level.

 

This barrier represents a detecting key for the near and medium trading, so the stability below it confirms the dominance of the bearish corrective trend, which might target $5.2700 and $4.9500, while surpassing the barrier and holding above it will force the price to delay the decline and begin providing bullish trading, attempting to reach $5.6300 and $5.7600.

 

The expected trading range for today is between $5.2700 and $5.5100

 

Trend forecast: Bearish