No news for copper price that continues to provide sideways trades within the bullish channel due to the continuous contradiction between the major indicators, to notice its consolidation near 4.6100$ now.

 

We will keep our bullish overview that depends on the stability of the additional support line at 4.5400$ to manage to form bullish waves and target 4.6800$ level, followed by reaching 4.8100$ barrier, while breaking the additional support and holding below it will force the price to activate the correctional decline to target the bullish channel’s support line at 4.4150$.

 

The expected trading range for today is between 4.5500$ and 4.6800$

 

Trend forecast: Bullish