Copper price faced intraday positive momentum due to stochastic extend towards 80 level, to postpone the attempt to break the moving average 55 by leaning on 2.5600 level, while trading might extend to test the bearish channel's resistance around 2.6200 until succeeding to gather new negative momentum and repeat the attempt to record the main targets by reaching 2.4800 followed by 2.3900.
We should note that attempting to breach the bearish channel's resistance will push the price to form bullish rally in the upcoming trading to increase the chances of recording some positive targets that start at 2.7100 followed by 2.7750.
Expected trading range for today is between 2.6200 and 2.4800
Expected trend for today: Bearish