Copper price activated with the temporary negative pressures yesterday, forming more corrective waves, hitting the previously waited target at $5.5100, facing an important support to bounce higher towards $5.8500.

 

The stability above $5.5100 level confirms the continuation of the bullish scenario, therefore, we will keep waiting for gathering extra bullish momentum, to ease the mission of its rally towards $59700, to press on the resistance at $6.2000.

 

The expected trading range for today is between $5.7100 and $6.0000

 

Trend forecast: Bullish