Copper price remains stable since yesterday below $5.0600 barrier, forming more of the intraday sideways trading, reminding you that there are positive factors, especially with its stability within the bullish channel’s levels, besides the continuation of providing positive momentum by the main indicators will increase the chances of achieving the required breach, to open the way for recording extra gains that might extend towards $5.2000 and $5.3200.

 

The risk of changing the positive trend of the current trading if it breaks the extra support near $4.7500, which might force it to suffer some losses by reaching $4.550 and $4.4100 before reaching the suggested positive targets.

 

The expected trading range for today is between $4.8800 and $5.2000

 

Trend forecast: Bullish