Copper Price Makes Gradual Ascent

Copper’s bullish momentum regained traction, prompting it to distance itself from the crucial support level of 3.6500. This upward movement is influenced by the current presence of positive signals from the stochastic indicator, which now rests in overbought territory.

Anticipated in the near term is an attempt to breach the MA55, followed by an endeavor to overcome the barrier at 3.8500. These actions aim to solidify the return of a bullish bias in the upcoming period. It’s worth noting that the subsequent positive target resides near 3.9200.

The projected trading range for today is positioned between 3.7000 and 3.8500.

The prevailing trend expected for today is bullish.