Copper price resumed the bullish attack to achieve new gains by reaching the second target at 4.6900$, facing 61.8% Fibonacci correction level that might form an obstacle now against the bullish attempts.

 

Also, stochastic reach to the overbought areas might force the price to provide sideways trades, with chances to gain some profits by crawling towards 4.5400$, while succeeding to breach the current obstacle will open the way to record additional gains that might extend towards 4.8100$.

 

The expected trading range for today is between 4.5800$ and 4.6800$

 

Trend forecast: Bullish