Copper price faced extension of historical support line near 3.5500, to hinder the continuation of the negativity and force the price to provide temporary correctional bullish rebound to consolidate near 3.6300 as appears on the chart.
We expect to witness mixed trades with chances to cover some loses by rallying towards 3.7500, while resuming the negative attack requires breaking the current support and provide negative close below it to ease the mission of resuming the decline and reach the additional negative stations near 3.4300 and 3.2500.
The expected trading range for today is between 3.5500 and 3.7500
The expected trend for today: Bearish