Copper price begins to form negative trading to move away from 3.0700 resistance today, noticing its approach to the first negative target at 2.9500, noting that the continuous negative pressures caused by stochastic consolidation within the oversold areas will confirm the continuation of the negativity and expect moving towards 38.2% Fibonacci correction level at 2.8500 in the upcoming period.
Expected trading range for today is between 3.0200 and 2.8500
Expected trend for today: Bearish