Copper prices have confirmed their positive momentum, consistently closing above key support at $4.2600. This stability has facilitated the formation of bullish waves, with prices reaching $4.4200, bringing the first target into sight.
The ongoing positive momentum indicated by major market indicators is expected to bolster further bullish activity, with a target of $4.5300 on the horizon. A breakthrough above this level could lead to renewed pressure on the $4.6900 barrier, paving the way for a sustained upward trend.
The expected trading range for today is between $4.3450 (support) and $4.5300 (resistance).
Trend Forecast: Bullish
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