Copper price formed some positive trading in yesterday’s trading, to test the broken support that represents a strong resistance at $5.5100, bouncing quickly towards $5.3300 confirming the continuation of the previously suggested negative scenario.

 

Providing additional negative momentum by stochastic will help it to renew the negative attempts, to expect reaching $5.1500, attempting to press on the extra support near $4.9500.

 

The expected trading range for today is between $5.1500 and $5.4000

 

Trend forecast: Bearish