Copper price activated the negative attack, achieving some of the negative targets by hitting $4.4560, to bounce to settle near the moving average 55 at the $4.5600 level, attempting to gather more of the negative momentum in the current period trading.

Forming extra barrier at 50% Fibonacci correction level at $4.6600, increasing the chances for resuming the negative scenario, to repeat the pressure on $4.4500 level, and breaking it might extend the losses towards $4.3100, to form the next main target for the negative trading.

The expected trading range for today is between $4.3100 and $4.6100

Trend forecast: Bearish

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