Copper Price Analysis Expected Scenario The Copper price provided a new close below the $5.1600 barrier, hinting at a temporary postponement of the bullish attack and indicating the formation of correctional bearish trades by touching the $5.0000 level. The correctional trades might extend towards the additional support at $4.8900 soon, due to stochastic exit from the overbought areas, while succeeding to gain positive momentum and jumping above the current barrier will push the price back to the bullish track, easing the mission of achieving new gains that might extend towards $5.3200 followed by $5.6000 on a medium-term basis. Expected Trading Range Between $5.1500 support and $4.9000 resistance.

Trend Forecast: Bearish