Copper price renewed the previously suggested bullish attempts, reaching the first target at $6.5800, which continues to act as an intraday barrier against the bullish scenario. This has forced the price to move sideways, fluctuating around the $6.5100 level once again.

 

We continue to emphasize that holding above the key support at $6.2700, along with the continued attempt by the main indicators to provide positive momentum, supports our expectations for a breakout above the current barrier to open the way for further gains, potentially starting at $6.6300 and $6.6700.

 

The expected trading range for today is between $6.4800 and $6.6300

 

Trend forecast: Bullish