Copper price provided slow trading despite the presence of the positive factors, such as the main stability within the bullish channel’s levels by forming main support at $4.1100 level, besides the continuation of providing bullish momentum by the main indicators, specifically by forming an extra support by the moving average 55 by its stability near $4.3700.

 

Therefore, we will keep preferring the bullish scenario, to expect surpassing the barrier at $4.6200, to rally towards the positive stations at $4.7500 and $4.9500.

 

The expected trading range for today is between $4.5000 and 4.7500

 

Trend forecast: Bullish