Copper price didn’t move anything since yesterday by its fluctuation near the initial support at $5.9700, due to the contradiction of the main indicators, by providing negative momentum by stochastic, which settles below 50 level.

 

The sideways trading might continue, reminding you that the negative pressure might force it to form some bearish corrective trading, attempting to reach $5.8200, while activating the bullish trend requires a new bullish momentum to push the price to settle above $6.1200, to begin activating new positive stations that might extend in the initial period at 6.2500.

 

The expected trading range for today is between $5.8200 and $6.100

 

Trend forecast: Fluctuated within the bullish trend