Copper price was forced to provide weak trading due to the continuation of the main indicators’ contradiction against the negative stability below the barrier at $6.3800 level, to force it to delay the corrective decline and hold near $6.2800 level.

 

Note that confirming the dominance of the bearish corrective trend needs to break the initial support at $6.1000, to ease the mission of the corrective stations, which might begin at $5.9500 and $58000, while surpassing the barrier will provide a chance for recording some gains, to expect attacking the resistance near $6.5800.

 

The expected trading range for today is between $6.1000 and$6.3500

 

Trend forecast: Bearish