Copper price is affected by some negative factors, starting by the stability below $6.5100 barrier, besides the continuation of providing negative momentum by stochastic, forcing it to delay the bullish attempts and providing negative fluctuation by holding near $62700.

 

The continuation of the negative pressure might push the price to retest the initial support at $6.1000, where breaking it will confirm the dominance of the bearish corrective bias in the upcoming trading, to expect forming initial corrective target at $5.9200 level, while breaching the barrier and holding above it will reinforce the chances of recording new gains by its rally towards $6.5900 initially. 

 

The expected trading range for today is between $6.1000 and $6.4100

 

Trend forecast: Bearish