Copper price ended yesterday’s trading by providing new closure near $5.3200 level, taking advantage of stochastic positivity by providing chances for resuming the bullish attack that depends on several factors, one of them is the stability within the bullish channel levels besides forming extra support at $5.1300.

 

Therefore, we keep the bullish scenario, waiting for reaching %161.8 Fibonacci extension level at $5.5000, and surpassing it will open the way for achieving extra gains in the upcoming period.

 

The expected trading range for today is between $5.2500 and $5.5000

 

Trend forecast: Bullish