Copper price hinted keeping the bearish bias due to providing new negative closings below the initial resistance 2.8500, reminding you that it is important to break 2.7000 level to open the way to achieve more targets in the near term and medium term period by moving towards 2.6200 followed by reaching 61.8% Fibonacci correction level at 2.5500.
Stochastic attempt to form new negative wave assists to provide new negative momentum and increases the chances of achieving the required break to confirm the continuation of the negativity for the upcoming period.
Expected trading range for today is between 2.8000 and 2.6200
Expected trend for today: Bearish