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Copper Prices Surge, Targeting $4.5300 as Bullish Momentum Builds

by Daisy

Copper prices continued their bullish rally, breaking through the $4.330 barrier yesterday and settling near $4.3900. With strong positive momentum in place, the market is expected to push higher, aiming to surpass the $4.4400 resistance and eventually reach the next key target at $4.5300.

The consolidation of the 55-period moving average (MA55) below the major price levels reinforces the bullish trend, providing additional support around $4.2000.

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The anticipated trading range for today is between $4.2800 support and $4.4400 resistance.

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Trend Forecast: Bullish

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