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Copper prices have confirmed their bullish trend, maintaining consistent stability above the key support level of $4.00. This strong performance enhances the likelihood of a rally, with price targets now set at $4.21 and $4.34.
The continued support from the 55-period moving average, combined with positive momentum from stochastic indicators, reinforces the bullish outlook. As such, the expectation remains for prices to climb toward the aforementioned targets.
Today’s anticipated trading range for copper is between $4.00 and $4.20.
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