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.
The anticipated trading range for today is between $4.2800 support and $4.4400 resistance.
Trend Forecast: Bullish