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Copper Price Breaks Key Barrier, Eyes Further Upside

by Daisy

Copper prices have broken through the temporary sideways trend by surpassing the $4.3300 barrier, triggering a strong bullish rally that led to the achievement of key targets, reaching $4.4700.

With major indicators signaling positive momentum, copper is expected to maintain bullish momentum and target the 50% Fibonacci retracement level at $4.5400. A successful breach of this level could pave the way for further upward movement in the coming days.

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The anticipated trading range for today is between $4.3500 and $4.5400.

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Trend Outlook: Bullish

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