Copper price returned to form slow negative trades despite having negative factors, represented by the price stability within the bearish channel, besides gathering new negative momentum after stochastic reached the oversold areas.
Therefore, we will keep our negative overview, waiting to break 2.5500 level to open the way to target new negative levels that might start at 2.4800 followed by 2.4000.
The expected trading range for today is between 2.6000 and 2.5500
The expected trend for today: Bearish