Copper price gave in to negative pressures and fell below the stable support of $4.8100, and hesitantly approached $4.7400, delaying any attempts at rising even as the price remains within an ascending channel.

 

As the $5.000 forms as a barrier and negative signals emerge from the Stochastic, the price  will likely head towards $4.6500 then $4.5600.

 

Expected trading range today is between $4.6500  and $4.9500.

 

Today’s price forecast: Bearish