Despite copper price recent weak trades, the frequent consolidation below the bullish channel’s resistance at 4.3750 supports our correctional bearish overview for the near term and medium term period, to notice its consolidation at 4.2000 now.
Stochastic continuous negative momentum signals will assist to form new bearish waves to manage to crawl below 4.1500 level and reach the next main target at 4.0500.
The expected trading range for today is between 4.3000 and 4.0500
The expected trend for today: Bearish