Despite the continuous sideways fluctuation, Copper price consolidation below 4.2300 resistance confirms surrendering to the domination of the previously expected correctional bearish bias, while the price needs new negative momentum to manage to press on 3.8810 obstacle, as succeeding to surpass it will push the price to test the bullish channel’s support line at 3.6700, to form the main target of the negative trades.
The expected trading range for today is between 4.1400 and 3.8810
The expected trend for today: Bearish