Copper price keeps the negative attempts by forming a new bearish wave by its stability at 2.4750, the stability of 50%Fibonacci correction level at 2.5700 represents the main factor that confirms the negativity, which makes us wait until recording the waited target at 2.4200, and breaking it will open the way towards suffering more losses by reaching 2.3000.
Stochastic attempts to settle within the oversold level again, to provide the required negative momentum for resuming the negative attempts and achieving the suggested targets.
Expected trading range for today is between 2.2550 and 2.4200
Expected trend for today: bearish.