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Copper prices are showing a sideways trend, maintaining stability above the current support level of $4.2600. However, the market is experiencing stochastic negativity, which has limited upward momentum.
For a bullish rally to gain traction, copper prices must gather sufficient positive momentum and close above the resistance level of $4.3900. Achieving this could set the stage for a strong upward movement, targeting levels of $4.5400 and $4.6900.
Today, the anticipated trading range for copper is between $4.2600 and $4.5000.
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