Copper price succeeded to achieve the required break to 2.7200 support line and confirms the preparation to resume the previously suggested negative attack, expecting to target 2.6500 level, while the continuous negative pressures might extend trades towards 2.5370 to form the main target of the near term and medium term trades.
Stochastic crawl towards the oversold areas reinforces our bearish overview by providing additional negative momentum to increase the chances of forming strong negative trades and manage to record the mentioned targets.
The expected trading range for today is between 2.7200 and 2.6500
The expected trend for today: Bearish