Copper price confirmed facing the positive pressures that caused by stochastic rally to the overbought level, to notice providing a new negative close below the bearish channel’s resistance at 2.5780.
Therefore, we will keep preferring the negative trading to repeat the pressure on 2.4800 level and surpassing this obstacle will make the price succeed to reach the initial main target at 2.4000.
The expected trading range for today is between 2.5780 and 2.4800
The expected trend for today: Bearish