Copper price formed some bearish waves, achieving $2.7000 level, which forced it to provide mixed trading due to the continuation of the main indicators’ contradiction, to rebound towards $5.7850.

 

In general, we will keep our bearish scenario, depending on the stability of the barrier at $5.9700, confirming the importance of gathering extra negative momentum currently to ease the mission of resuming the negative attack by reaching $5.6200 initially, then press on the next support at $5.5100.

 

The expected trading range for today is between $5.5100 and $5.8500

 

Trend forecast: Bearish