Copper price confirmed its affection by the bearish correctional bias domination by providing new negative close below 3.1500 level, that forms the initial barrier against the bullish trading, and its fluctuation below 61.8% Fibonacci correction level reinforces the bearish bias domination, to keep waiting for achieving the waited target at 2.9500.
Stochastic fluctuation near 20 level assists providing new negative momentum in the near period, which allows the price to resume the correctional attempts and hit the suggested target.
Expected trading range for today is between 3.1500 and 2.9500
Expected trend for today: Bearish