Copper price ended Friday’s trading by providing new bullish close above $5.1300 level, confirming the continuation of the bullish scenario in the near and medium period, attacking the barrier at $5.3200.

 

The price needs a new bullish momentum to confirm breaching the obstacle, recording new gains that might extend towards $5.5000, if the next main target in the positive trading, while the decline below $5.1300 and providing negative close will push it to form strong corrective waves, suffering several losses by reaching $4.9500.

 

The expected trading range for today is between $5.2000 and $5.5000

 

Trend forecast: Bullish