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Copper prices continued their positive performance, remaining above the critical support level of $4.0250. This stability is largely attributed to favorable stochastic indicators, which currently signal positive momentum as they approach the 50 level.
Ongoing positive market pressures could enable copper prices to break through the additional resistance at $4.1500. If this occurs, it would pave the way for a potential bullish trend, with initial targets set at $4.2600. Further gains could push the price towards the $4.3300 resistance level, potentially reinforcing the upward momentum.
For today, the expected trading range for copper is between $4.0500 and $4.2600.
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