Despite recent weak trading in copper prices, a positive trend is evident due to stability above the $3.9200 support level and persistent positive momentum from stochastic indicators. This allows for a continued bullish outlook. Should the price surpass the $4.1500 resistance level, additional gains could be realized, potentially reaching $4.2750 and $4.3400.
Conversely, if copper prices fall below the support level and remain there, a bearish trend could emerge. This would likely lead to further declines, with potential targets of $3.8200 and $3.6800.
ADVERTISEMENT
For today, the anticipated trading range for copper is between $3.9800 and $4.1500.
ADVERTISEMENT
Related topic:
ADVERTISEMENT
How To Invest In Copper Futures?
