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Copper prices have demonstrated minimal fluctuation recently, hovering around the $4.1700 mark. This stability is attributed to ongoing mixed signals from major market indicators. Despite these contradictions, the metal has maintained a bullish trend, consistently closing above the $4.0250 support level.
Looking ahead, analysts anticipate that copper will build additional positive momentum, benefiting from its current position above the $4.1500 threshold. This stability suggests potential upward movement, with targets set at $4.2400 and $4.3900.
For today, copper is expected to trade within a range of $4.0900 to $4.2400.
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