No news for copper price by forming weak sideways trading, to keep its stability near $5.000 level due to the contradiction between the main indicators, which might force it to delay the main bullish rally.

 

Notet that the stability of the current trading below $5.2000 level might force it to provide some bearish corrective trading, to target the initial support level at $4.7500, while breaching the barrier will reinforce the chances of recording extra gains by its rally towards $5.3200 initially.

 

The expected trading range for today is between $4.9000 and $5.1500

 

Trend forecast: Fluctuated within the bullish track