Copper price provided new negative close near $4.7500 level, to confirm the continuation of the suggested bearish scenario, depending on the stability below the barrier at $4.9100, despite the continuation of the previously main indicators contradiction, remains valid to keep waiting for reaching 50%Fibonacci correction level at $4.6600, and breaking it will lead the price to provide strong pressures on the moving average55 near $4.5400.

The expected trading range for today is between $4.6600 and $4.8400

Trend forecast: Bearish

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