Copper price failed to confirm breaching the extended resistance at 4.2100 to form negative waves and settle near 4.1650, noting that the continuous stability of this resistance might force the price to continue forming correctional negative trades to move towards 4.0500 followed by reaching 3.8810 support lin.
On the other hand, rallying above the resistance and providing positive stability will reinforce the continuation of the positivity again, providing the chance to reach 4.4100 that formed the main target of the bullish bias.
The expected trading range for today is between 4.2100 and 4.0500
The expected trend for today: Bearish