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Copper Price Trends Bullish, Targets New Positive Stations

by Daisy

In the current scenario analysis for copper price, several expected outcomes and trading ranges are outlined, projecting a bullish trend.

Copper price has successfully achieved the second positive target, reaching $4.6700, with its trajectory encountering the extension of the bullish channel’s resistance line. The formation of sideways trades is anticipated, accompanied by positive momentum from stochastic indicators, which may facilitate the breach of resistance.

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Looking ahead, new positive stations are envisioned, with potential extensions towards $4.8000 and $5.0200. These targets indicate a favorable outlook for copper price movements in the near future.

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As for the trading range, it is anticipated that today’s range will fluctuate between $4.5800 and $4.8000, providing insights for investors and traders to navigate their positions.

Overall, the trend forecast remains bullish, reflecting confidence in the upward trajectory of copper prices in the coming periods.

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