Copper prices failed to provide positive close above $5.9700 level, which forces it to delay the bullish rally and provide sideways trading, fluctuating near $5.9400 level.

The sideways trading might continue in the near period, until it is activated the main indicators’ positivity, to reinforce the chances of resuming the rise and reaching positive stations that is located at $6.1200 and $6.2400 level, while reaching below $5.8100 will force it to suffer some losses before reaching the suggested positive stations.

 

The expected trading range for today is between $5.8500 and $6.1200

 

Trend forecast: Bullish