Despite the weakness of copper prices in the last period, its stability within the main bullish channel’s levels, and holding above $4,7500, supports the chances of renewing the bullish attempts, to settle near $5.0500.

 

Facing the barrier at $5.2000 by the main indicators confirms the importance of surpassing it to open the way for recording extra gains that might begin at $5.3200 and $5.5000.

 

The expected trading range for today is between $4.9500 and $5.2000

 

Trend forecast: Bullish