Copper Price Analysis
Expected Scenario
Copper price has successfully resumed its bullish rally, achieving the first main target at $4.5500 and settling near this level. The frequent stability of the MA55 around the $4.3300 support line and stochastic indicators attempting to move towards overbought areas suggest a continuation of the bullish momentum.
We anticipate the bullish trend to persist, aiming to target the second station at $4.6900, which represents an extension of a key resistance level as depicted on the chart.
Expected Trading Range
Support: $4.4200
Resistance: $4.6500
Trend Forecast: Bullish
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