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Copper prices made an attempt to dip below the additional support level of $4.3400 yesterday. However, the prices rebounded, settling above the 55-day moving average (MA55), which has kept the possibility of resuming a bullish trend alive.
Analysts emphasize the importance of building positive momentum to successfully breach the $4.4500 level. Achieving this target would confirm the onset of a bullish trend, paving the way for further gains, with primary objectives set at $4.5300 and $4.6900.
For today’s trading session, the anticipated price range for copper is projected to be between $4.2800 and $4.4500.
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