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Copper prices have recently stabilized above the initial support level of $4.3400, indicating a potential for increased positive momentum. This could enhance the likelihood of a bullish trend continuation, with initial targets set around $4.5300. If prices surpass this mark, they may challenge the significant resistance barrier at $4.6900.
However, a decline below the current support level could trigger a bearish correction. In such a scenario, prices may drop to $4.2600 before any further attempts to reach the anticipated positive targets.
Today’s expected trading range for copper is between $4.3400 and $4.5300.
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