Copper price still lacks the negative momentum until this moment, to force it to postpone the previously waited correctional decline and continue forming sideways trades by settling near 4.5500$.

We remind you that it is important to continue providing negative closings below 4.7000$ resistance and wait to gather the negative momentum, which assists to activate the decline and target many stations that start at 4.4200$ and 4.3000$. On the other hand, breaching the resistance and holding above it will cancel the negative overview, to expect forming new bullish rally that might push it to reach 4.8600$ followed by attempting to press on the previously recoded high at 5.0200$. The expected trading range for today is between 4.6500$ and 4.4200$

Trend forecast: Bearish