Copper price wrapped up its upward surge temporarily after touching $5.3300, while collecting profits and  settling near the previous psychological barrier of $5.000.

 

As the Stochastic settles below 50, the price  will likely extend losses and target $4.9500, however, a renewal of the upward rush would require closing above $4.1800, sending the price to the next target at $5.4100.

 

Expected trading range today is between $4.9500 and $5.1300.

 

Today’s price forecast: Bearish