Copper price trading extended to the downside clearly to achieve the initial target by reaching 2.6500, to settle below the moving average 55, to expect more of the negative attempts in the near period, and 2.7000 level forms a barrier against the negative trading, to wait until reaching the next target at 2.5700.
Stochastic stability within the oversold level increases the negative pressure, to support the price confinement within the negative range until reaching the suggested target.
Expected trading range for today is between 2.7000 and 2.5700
Expected trend for today: bearish.