Copper price formed strong bullish rally after confirming breaching 4.3300$ barrier, surpassing the first main target at 4.5400$ to settle above 50% Fibonacci correction level.

 

Also, the major indicators provide the positive momentum to assist to renew the bullish attempts, to expect achieving additional gains by rallying towards 4.6800$ soon, followed by reaching 4.8100$ on the medium term basis.

 

The expected trading range for today is between 4.5000$ and 4.6800$

 

Trend forecast: Bullish