Copper price confirmed its surrender to the bullish scenario by settling above the breached resistance that forms additional support now at 4.6900$, to notice approaching the first target at 4.8050$.

 

The price might form some sideways trades due to stochastic fluctuation within the overbought areas, to keep waiting to gather the positive momentum to ease the mission of surpassing 4.8050$ and reach new stations that might start at 4.8900$ and 4.9500$.

 

The expected trading range for today is between 4.7500$ and 4.8500$

 

Trend forecast: Bullish