Copper price reached $6.1200 level in Friday, forcing it to provide some sideways trading, due to the contradiction of the main indicators, to obstruct the suggested negative attempts by its fluctuation near $6.2100 level.

 

Reminding that the stability below $6.5100 barrier, besides the attempt of stochastic attempt to provide negative momentum, which makes us keep the bearish corrective scenario, to expect reaching $5.9000 level and surpassing it will make the next target at $5.7800 in the bearish trading.

 

The expected trading range for today is between $5900 and $6.2500

 

Trend forecast: Bearish