Copper price surrendered to the dominance of the sideways bias, due to its continuous neediness to the positive momentum, besides the stability of the barrier at$5.0600, fluctuating near $4.9500 level without recording any of the previously waited positive targets.

 

Stochastic decline below 80 level might increase the chances for a temporary corrective decline, to repeat the pressure on the extra support at $4.7500, while its success in surpassing the barrier and holding above it will renew the chances of recording extra gains by its rally towards $5.2000 and $5.3200 directly.

 

The expected trading range for today is between $4.7500 and $5.0600

 

Trend forecast: Fluctuated