Copper price started today’s trading with clear weakness affected by stochastic negativity, noticing forming negative wave and reach 2.6670, while the continuous negative pressures and declining below 2.6200 will confirm surrendering to the negative attempts, expecting to target the key support 2.5500.
Also, stochastic release from the overbought areas confirms postponing the correctional bullish attempts to increase the negative pressures and confirm the attempt to form new negative trades until achieving the suggested targets.
Expected trading range for today is between 2.7200 and 2.6200
Expected trend for today: Fluctuated negatively