Copper price began today’s trading with sharp negativity, where it approached from the main bullish channel’s support at 3.9500$, then attempts to recover clearly by bounding towards 4,3800$, getting advantage from stochastic attempt to exit the oversold level as appears in the above image.

 

 we don’t suggest positive trading unless breaching the barrier at 4,5600$, to expect renewing the negative trading in order to renew the pressure on the main support, where breaking it will confirm its move to the bearish track, 3,8100 forms the initial negative target reaching 3,6600.

 

The expected trading range for today is between 4,000$ and 4,5200$

 

Trend forecast: Bearish