Copper price kept its positive stability above the moving average 55 to keep the continuation of the suggested positivity that depends on the stability of the bullish channel’s support at $4.0500, to notice the weakness of the bullish attempts due to the continuation of stochastic contradiction that is fluctuating now within the oversold level.

 

Gaining the required extra positive momentum, to motivate the bullish attack, to expect attacking the initial positive target at $4.7400, and surpassing it will make it record several gains in the upcoming period trading. 

 

The expected trading range for today is between $4.3700 and $4.6300

 

Trend forecast: Bullish