Copper price resumed bullish attempts to fluctuate above $5.9700 barrier, announcing its readiness to form new bullish waves in the near period, note that positive close above this barrier, to support the chances of its rally towards positive stations that begin at $6.1200 and $6.2400.

 

While the return fluctuates below $5.9700 will force it to delay the bullish rally, and there is chance to form bearish corrective waves to target $5.8200 and $5.7400 before any new attempt to reach the previously suggested targets.

 

The expected trading range for today is between $5.900 and $6.1200

 

Trend forecast: Bullish