Bearish Copper currently 2.95 cents lower after trading as high as $3.78

CME Copper is down to $3.76 per pound, after ending Friday at $3.79. Overall, a 0.78% loss or 2.95 cents today.

Copper's upper Bollinger Band® is at $3.83 which indicates a further downward move may follow.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts CME Copper to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the CME Copper is expected to attract significant bearish sentiment in the coming days.

Taking a look at other Metals commodities, negative performances are evident as Silver is trading around $24.24 (down 17 cents). After ending Friday's session at $1,017.8, Platinum lost $3.5 and is trading around $1,014.3.

Positive performances can be seen by looking at other Metals markets as Palladium is up 0.74%.

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

Having soared to a high of $4.27 approximately 4 months ago, CME Copper is now trading 11.2% lower.