Copper price returned to form bullish waves, taking advantage of the main stability within the bullish channel, in addition to the consolidation of 4.2900$ support line, to notice surpassing the first target at 4.5400$. We expect the continuation of the positive momentum by the major indicators to succeed to target 4.6700$ resistance line, which surpassing it will confirm moving to the next positive station and increase the chances of achieving additional gains that might start at 4.8000$ and 5.0000$.

The expected trading range for today is between 4.4800$ and 4.6700$

Trading Range and Trend Forecast