Copper price continued providing positive closing, taking advantage of its stability within the main bullish channel levels, surpassing the negativity of the intraday indicators by its stability above $5.1300 support.

 

Stochastic fluctuating near 80 level makes us expect to begin forming bullish waves to reach $5.5000, and surpassing it will open the way for achieving extra gains that may begin at $5.6300 and $5.7400.

 

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

 

Trend forecast: Bullish