Copper price confirmed the stability of the bullish scenario by its attempt to settle above $5.3200 level, reinforcing the chances of recording new gains in the near sessions, the continuation of providing positive momentum by stochastic will ease the mission of reaching the next target at $5.5000, monitoring it as it formed extra barrier as appear in the above image.

 

Reaching below $5.3200 and providing negative close might force it to provide corrective trading, which forces it to decline towards $5.1500 before reaching the previously waited target.

 

The expected trading range for today is between $5.2500 and $5.5000

 

Trend forecast: Bullish