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Copper price provides negative signal– Forecast today – 5-5-2026
Copper price declined below the extra support at $5.8100 level, affected by stochastic negativity to target $5.7000 level, increasing the chances of resuming the bearish corrective trend in the near period trading.
Despite the contradiction of the main indicators, the stability below $5.9700 and the price attempt to provide negative close below $5.8100 level, these factors supports the dominance of the bearish corrective trend, to expect targeting $5.5900 level reaching the next support near $5.5100.
The expected trading range for today is between $5.6000 and $5.8800
Trend forecast: Bearish
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