Copper price faced sudden positive pressure yesterday after stochastic rallied above 50 level, to provide bullish wave and settle around the moving average 55, while in general, we will keep the main bearish overview unless breaching 2.7670 resistance, waiting to gather the required negative momentum to start recording the negative targets that start at 2.6200 and 2.5500 levels.
On the other hand, attempting to surpass the mentioned resistance will confirm regaining the bullish bias by settling within the bullish channel again, allowing us to wait to achieve many positive targets that might start at 2.8440.
Expected trading range for today is between 2.730 and 2.6200
Expected trend for today: Bearish