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Copper prices have shown a consistent upward trend, closing frequently above the support line at $4.2600. This stability has led to the formation of bullish waves, pushing prices to $4.4200 and bringing the first target within reach.
Analysts note that the strong positive momentum from major indicators is likely to bolster bullish trades, with expectations for prices to target the $4.5300 level soon. Should prices surpass this threshold, it could lead to renewed pressure on the $4.6900 barrier, paving the way for further increases.
For today, the anticipated trading range is between $4.3450 and $4.5300.
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