Copper Eyes Bullish Rebound with Key Resistance Test

Copper prices have returned to test the key MA55 resistance level at $4.2500, capitalizing on the recent stability above the previously breached $4.1500 mark. This price action enhances the likelihood of a return to a bullish trajectory.

The continuous positive momentum indicated by the stochastic oscillator further supports the potential for prices to surpass the MA55 resistance. A successful break could open the door to several key targets, with significant levels now positioned around $4.3300 and $4.4000.

For the day, analysts expect copper prices to trade within a range of $4.2000 to $4.3300.

Related topic:

How to Trade Copper Futures?

How To Invest In Copper Futures?

5 Things To Know Before Trading Copper Futures