Copper price remains affected by the stability of the extra barrier near $5.2000, reducing the chances of resuming the bullish attack, providing more sideways trading by its stability near $5.0500.

 

Reminding you that the bullish scenario will remain valid if the price settles above the support at $4.7500, to increase the chances of gathering the required positive momentum to surpass the barrier and target extra positive stations that might begin at $5.3200, while reaching below this support and providing negative close will force it to provide bearish corrective trading, to suffer clear losses by reaching $4.5100 and $4.3500.

 

The expected trading range for today is between $4.9000 and $5.2000

 

Trend forecast: Fluctuated within the bullish trend