Copper price provided a new positive close above $5.9700 level, reinforcing the efficiency of the bullish trend, recording clear gains by reaching $6.2100, approaching the second suggested target in the previous report.

 

The price gets positive momentum by stochastic, which attempts to settle within the overbought level, increasing the chances of surpassing $6.2600 level, to expect its rally towards $6.3800 resistance in the near period. 

 

The expected trading range for today is between $6.0400 and$6.3800

 

Trend forecast: Bullish