Copper price engaged in some correctional trading on Friday before settling near $5.080, while trying to approach the major barrier of $5.1700 which still represents the door towards more upcoming gains. 

 

 As the price continues to be rebuffed at this barrier, while the Stochastic is attempting to exit overbought saturation levels, the chances of a downward correctional will rise, with the price potentially heading towards $4.900, however, a breach of the barrier would send the price towards $5.2900.

 

Expected trading range for today is between the $4.900 support and the $5.1500 resistance.

 

Today’s price forecast: Bearish as the barrier holds