Copper Prices Hold Steady Amid Awaited Bullish Momentum

Copper prices have yet to achieve any new positive targets as they maintain a stable position above the crucial support line of $4.2600. This stability is a significant indicator that could confirm the anticipated upward movement.

The Stochastic indicator’s rise above the 50 level is generating the necessary momentum to activate a bullish trajectory. Market observers are eyeing the $4.5300 level, where a breakthrough could propel prices toward the $4.6900 barrier, a key marker for determining the next major trend.

Today’s expected trading range for copper is set between $4.3100 and $4.5300.

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