Copper price failed to resume the negative attack yesterday, affected by the strength of the initial support at 2.5500, we notice forming an intraday positive rebound to keep its stability within the bearish channel’s levels, which remains valid if the resistance settled at 2.6400.
Therefore, we will keep waiting for gathering the extra negative momentum, which allows it to achieve the required break, then begin targeting the extra negative levels by reaching 2.4800 and 2.4000 in the upcoming trading.
The expected trading range for today is between 2.6100 and 2.5500
The expected trend for today: Bearish