Despite the weakness of copper price’s last trading and its repeated fluctuation near the moving average 55 at $4.4000 level, the overall positive stability within the bullish channel’s levels and by the stability of the extra support near $4.2600, these factors support our bullish suggestion, to keep gathering extra positive momentum, then begin targeting positive stations by $4.6300 and $4.7500.

 

The risk of changing the main trend by breaking the main support at $4.0500, which forces it to suffer big losses by reaching $3.8700.

 

The expected trading range for today is between $4.2600 and $4.6300

 

Trend forecast: Bullish