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Copper prices lost their upward momentum yesterday, leading to a temporary halt in the anticipated bullish rally. The metal approached a key support level at $4.0250 and managed to close above it.
Continued stability above this support level, coupled with positive signals from the stochastic indicator, could enhance the likelihood of a renewed bullish trend. This would facilitate a potential breakthrough of the $4.1500 mark, with subsequent targets set at $4.3300.
For today, copper prices are expected to trade within a range of $4.040 to $4.200.
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