Copper Price Analysis

We expect to continue forming mixed sideways trades with the chance of forming new correctional bearish waves to attempt to test the additional support 3.8500$. Succeeding to hold above 4.0200$ will increase the chances of forming new positive waves to manage to renew the pressure on 4.1500$ barrier. Surpassing it will ease the mission of recording new positive gains that start at 3.3000$. The expected trading range for today is between 3.9400$ and 4.0200$.

Trend forecast: Bullish