Copper price continued to provide negative pressures on 4.5300$ support line, affected by stochastic continuous negativity, to confirm postponing the bullish attempts, while we recommend to wait to break the current support to start targeting the correctional stations near 4.4600$ and 4.3900$.

 

On the other hand, failing to break will force the price to provide mixed sideways trades due to the continuous contradiction between the major indicators, in addition to 4.6800$ level that forms solid barrier against the attempts to regain the bullish bias.

 

The expected trading range for today is between 4.4600$ and 4.6200$

 

Trend forecast: Bearish