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Copper prices are showing signs of gaining positive momentum, supported by stochastic indicators and the MA55 consolidation near the $4.3300 support line. This development reinforces the chances of activating the previously anticipated bullish trend.
The first target for this bullish movement is near $4.5500. Surpassing this level could push the price towards the $4.6900 resistance line, which is crucial for determining the next main trend in copper prices.
Expected Trading Range
Copper prices are expected to trade between the $4.3300 support and the $4.5500 resistance.
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Copper Price: Bullish Momentum Sustained Above Key Support Levels
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