Copper price began today’s trading with positive action, attempting to renew the pressure on the barrier at $4.7500, to find an exit for resuming the main bullish attack, to expect targeting $4.9500 level reaching the main target at $5.3100.

 

Note that the continuation of forming extra support by the moving average 55 stability near $4.3700, besides stochastic attempt to provide bullish momentum, these factors support the bullish suggestion, to keep waiting for achieving the suggested targets.

 

The expected trading range for today is $4.5500 and $4.9500

 

Trend forecast: Bullish