No news for Copper price that keep fluctuating between the initial resistance at 2.8500 and the stable support line at 2.7000, lacking the negative momentum, to expect more sideways trading in the near term period until gathering the required momentum to manage to decline towards the current support and target new negative levels that might extend towards 2.6200 followed by 2.5500.
Stochastic release from the oversold areas supports the domination of the sideways range, due to its contradiction with the moving average 55, which settles above the current price as appears on the chart.
Expected trading range for today is between 2.8500 and 2.7000
Expected trend for today: Sideways