Despite the contradiction of the major indicators, the Copper price forming for negative wave and its frequent stability below 2.7200 barrier confirms the preparation to resume the negativity on the near term and medium term period.
Therefore, we will keep waiting to move towards the bullish channel’s support line at 2.6300 to form the main target of the current trades, followed by monitoring its behavior to manage to detect the next main trend based on the next daily close.
The expected trading range for today is between 2.7200 and 2.6300
The expected trend for today: Bearish