Copper price lost the positive momentum in yesterday’s trading, to force it to settle below $5.9700 barrier, forming some bearish corrective trading by targeting $5.6700 level, to provide some mixed trading.

 

Note that stochastic attempts to provide extra negative momentum will increase the bearish corrective track in the current period, and the stability of the price below the previously mentioned barrier is important to make us expect targeting $5.6200 level, to attempt to press on the extra support near $5.5100.

 

The expected trading range for today is between $5.5100 and $5.8500

 

Trend forecast: Bearish