Copper Price Analysis Expected Scenario The Copper price was affected by strong negative pressures yesterday due to stochastic approach to 20 level, to reinforce the domination of the correctional bearish bias and notice breaking 4.8900$ level and holding near 4.7870$. Facing continuous negative pressures will increase the chances of attacking the major support at 4.7100$, which forms the key to detect the next main trend, thus, we recommend to stay neutral after reaching this support and wait the next daily close to avoid any losses due to the main trend change. Expected Trading Range Between 4.9000$ support and 4.7100$ resistance.

Trend Forecast: Bearish