Copper prices have experienced some intraday gains, rising to $4.2160 before entering a phase of sideways trading due to a lack of sustained positive momentum.
Maintaining support above $4.0250 is crucial for the resumption of bullish activity. Once additional positive momentum is gathered, copper prices are expected to target higher levels, with potential stations at $4.2600 and $4.3900.
Today’s anticipated trading range for copper is between $4.1400 on the support side and $4.2600 on the resistance side.
Trend Forecast: Bullish
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