Despite Copper price fail to break the initial support 2.5488, its consolidation within the bearish channel confirms the continuation of the negativity for the upcoming trading.
Therefore, we remind you that it is important to hold below 2.6230 resistance, waiting to gather new negative momentum to manage to achieve the required break and start targeting the additional negative levels by reaching 2.5050 and 2.4560 levels.
The expected trading range for today is between 2.6200 and 2.5200
The expected trend for today: Bearish