Despite Copper price stability within the bearish channel, but we notice its slow move due to its consolidation above the moving average 55 that forms intraday obstacle at 2.5300, while the stability of the main resistance at 2.6200 allows us to continue suggesting the negative domination and assure the importance of the price decline below the initial barrier to manage to resume recording the negative targets that start at 2.4800 followed by 2.4100.
Stochastic move towards the oversold areas reinforces the negative overview, to continue providing the required negative momentum to achieve the waited targets.
Expected trading range for today is between 2.6200 and 2.4800
Expected trend for today: Bearish