Copper price succeeded in recording some gains by hitting $5.1200 level, depending on the positive factors that are represented by the stability of the support level at $4.7500, besides the continuation of the positive factors that are represented by the support at $4.7500 besides the continuation of the attempts to provide bullish momentum by the main indicators.

 

Reminding you that surpassing the barrier at $5.2000 and holding above it is important to reinforce the efficiency of the bullish scenario, then begin targeting new positive stations by its rally towards $5.3200 and $5.5000. 

 

The expected trading range for today is between $4.9800 and $5.2000

 

Trend forecast: Bullish