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Copper prices continue to experience volatility, largely influenced by a temporary sideways market trend. The metal’s price has fluctuated near the $4.10 level, while struggling to maintain stability above the 55-day moving average (MA55), which is crucial in reinforcing support around the $4.00 mark.
In the short term, the focus remains on gathering additional positive momentum to break through the $4.20 resistance. A successful push above this level could open the door to further gains, with targets set at $4.34 and $4.43 as the next key levels.
For today, copper is expected to trade within a range between $3.95 and $4.20.
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