Copper price returned to renew the bullish attempts after holding above 50% Fibonacci correction level at 4.5400$, to surpass 4.6900$ resistance line this morning and hint its preparation to resume the bullish attack by settling near 4.7100$.

 

The price needs to gather the additional positive momentum to manage to hold above the mentioned resistance and ease the mission of recording additional gains that might extend towards 4.8050$ and 4.8920$ levels soon.

 

The expected trading range for today is between 4.6500$ and 4.8050$

 

Trend forecast: Bullish