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Copper price keeps moving negatively– Forecast today – 20-5-2026
Copper price surrendered to the bearish corrective scenario due to its stability below $6.3800 level, forming extra barrier to put new pressure on initial support at $6.1000.
The continuation of providing negative momentum might help it to break the current support, to expect targeting extra corrective stations that might begin at $5.9500 and $5.8000, while the rally above the barrier will open the way for recording several gains by its rally towards $6.5400 reaching $6.7300.
The expected trading range for today is between $5.9500 and $6.2300
Trend forecast: Bearish
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