The price of copper has experienced a corrective bullish rebound, reaching 3.6600 as it takes a brief pause. The intention is to gather positive momentum, reinforcing a potential continuation of bearish trends in the upcoming period.
The sustained position below the MA55 is a crucial factor supporting the stability around the 3.7300 barrier, affirming the prevailing bearish sentiment. The focus now shifts towards targeting negative stations at 3.5700 and 3.5000 in the near future.
As market observers analyze the situation, the expected trading range for the current session is anticipated to fall between 3.6100 and 3.5000. The overall trend for today is expected to be bearish, reflecting the broader market sentiment.