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Copper price repeats the negative closes– Forecast today – 15-5-2025
Copper price confirmed the continuation of the bearish scenario by providing a new negative close yesterday below $4.6600, which represents an extra barrier to its stability near 50% Fibonacci correction level.
Note that gathering the negative momentum in the current period is important to ease the mission of pressing on the barrier at $4.5000 level, and breaking it will open the way towards targeting negative stations, which might extend to $4.4500 and $4.3100.
The expected trading range for today is between $4.4500 and $4.6600
Trend forecast: Bearish
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