Copper price touched the first correctional target at 3.9500 yesterday, to rebound and attempt to gather more negative momentum to confirm the continuation of the negativity in the near term period.
The stability of 4.1400 barrier confirms blocking trades within the correctional bearish track, to expect gathering the additional negative momentum to reach 3.8800 level, while surpassing it might push the price to test the bullish channel’s support line at 3.6600.
The expected trading range for today is between 4.0550 and 3.8810
The expected trend for today: Bearish