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Copper prices saw an intraday increase, climbing to $4.2160, but have since stabilized with sideways trading due to a persistent lack of positive momentum.
For sustained upward movement, it is crucial for copper prices to remain above the support level of $4.0250. This will allow the market to build additional positive momentum, facilitating a potential resumption of bullish trends. Key target levels for further gains are set at $4.2600 and $4.3900.
Today’s anticipated trading range for copper is between $4.1400 and $4.2600.
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How To Invest In Copper Futures?