Copper price activated the corrective decline by reaching below $5.9700 level, activating with the negativity of the indicators by reaching $5.850, approaching the suggested targets in the previous report.

 

Note that holding above $5.8100 level might allow it to begin forming bullish waves, to target $6.0200 level, to press at $6.1200 barrier, while facing new bearish pressures might force it to resume the corrective decline by reaching below $5.8100, to expect targeting $5.7000 and $5.5900 level.

 

The expected trading range for today is between $5.8100 and $6.0200

 

Trend forecast: Fluctuating within the bullish trend