Copper price kept its stability above the initial support at $5.8100, attempting to surpass the dominance of the bearish corrective trend, to notice its rally to the upside to settle near $5.930.

 

Despite stochastic attempt to provide positive momentum. Waiting to surpass $6.0500 and hold above it is important to reinforce the chances of forming bullish waves to reach positive stations that might begin at 6.1200, while the price decline below $5.8100 will open the way for resuming the corrective trend, to expect reaching $5.7000 and $5.5900.

 

The expected trading range is between $5.8100 and $6.0500

 

Trend forecast: Bearish by the stability of $6.0500