No news for copper price, it remains confined between $5.3200 support and $5.5100 level which represents an extra barrier against the bullish attempts, and the contradiction between the main indicators confirming delaying the bullish attempts, to recommend neutrality and wait for surpassing these levels to detect the expected targets in the near trading.

 

Trading success in surpassing the barrier and holding above it will reinforce the dominance of the bullish bias, which might target $5.6700, while breaking the support will force it to form bearish correctional waves, to expect reaching $5.1500 and $4.9800.

 

The expected trading range for today is between $5.3100 and $5.5100

 

Trend forecast: Neutral