Copper price formed an intraday bullish wave to test the moving average 55, hence it forms an extra resistance at 2.6350, reminding you that the repeated stability below the main barrier at 2.7000 confirms the continuation of the negativity, and breaking 2.6000 level makes us expect resuming recording the negative targets that might extend to 2.5125 in the medium period.
The expected trading range for today is between 2.6350 and 2.5800
The expected trend for today: Bearish