Despite copper price consolidation within the bullish channel, the stability of 4.8100$ barrier continues to hinder the attempts to resume the bullish attack, to notice providing negative rebound towards 4.6200$ now.

 

We expect to get more mixed trades now, noting that it is important to hold above the additional support 4.5400$ to manage to gather the positive momentum and attack the mentioned barrier first, while surpassing it will push the price to achieve new gains that might extend towards 4.8800$ and 5.000$.

 

The expected trading range for today is between 4.5500$ and 4.7700$

 

Trend forecast: Bullish