Copper price surrendered to the negative pressures by forming clear negative crawling recently, due to the stability of 2.7400 level, thus, we will keep waiting to touch the bullish channel’s support line at 2.6200 followed by monitoring the price behavior to manage to detect the next main targets.
Note that attempting to crawl below the targeted main support will confirm moving into new negative track to increase the chances of recording new targets that might start at 2.5300.
The expected trading range for today is between 2.6800 and 2.6200
The expected trend for today: Bearish