Copper price took advantage of the positive momentum that comes from stochastic approach from 80 level, forming bullish waves and attacking 61.8%Fibonacci correction level at $4.8100.

 

The positive factors specifically the stability of the extra support at $4.6600 will increase the chances for the trading’s rally near the target at $4.8900, reminding you that surpassing it will ease the mission of achieving extra gains that might extend to $5.0300.

 

The expected trading range for today is between $4.7400 and $4.8900

 

Trend forecast: Bullish