Copper price suffered from the sideways bias domination in the last trading to repeat the fluctuation between 50 % Fibonacci level to form strong resistance at 2.5700 and 38.2% Fibonacci at 2.4200, until surpassing one of these levels we will keep preferring the sideways bias in the near period.
Reminding you that surpassing the current resistance will open the way towards recording some positive targets by reaching 2.6600 and 2.7300, while breaking it will turn the bearish bias, to suffer several losses by reaching 2.3000 and 2.2200.
Expected trading range for today is between 2.4200 and 2.5700
Expected trend for today: Sideways