Copper price continued to form negative fluctuation recently to settle near 4.0000 level, approaching the first correctional target at 3.9500, also, stochastic continues to provide the negative momentum to increase the chances of forming new negative waves, to expect moving towards 3.8810 level, while surpassing it might extend losses towards 3.6200 to test the bullish channel’s support line.
The expected trading range for today is between 4.1400 and 3.8810
The expected trend for today: Bearish