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Copper prices continue to exhibit a bullish trend, maintaining stability above the crucial $4.0250 support level and holding steady over the $4.1500 mark. This stability enhances the likelihood of achieving further positive gains.
The stochastic indicator’s movement towards the 80 level suggests an accumulation of positive momentum, which could facilitate the surpassing of the $4.2600 threshold. This would pave the way for reaching the next significant target of $4.3300.
For today, copper is expected to trade within a range of $4.1200 to $4.2600.
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