Amidst recent modest trading performance in the copper market, the consistent succession of positive closures above the pivotal support level at 3.6500 acts as confirmation for the anticipated bullish endeavors. This is exemplified by the current advancement towards the 3.8000 mark, where the Moving Average 55 (MA55) is located.
Aiding in sustaining the constructive momentum, the stochastic indicator continues to exhibit positive tendencies. This scenario positions us to await a breakthrough of the resistance barrier at 3.8500, thereby clearing the path for a resurgence of the bullish campaign. The objective here is to strive for additional gains, potentially rallying towards the levels of 3.9200 and 4.0500.
The projected trading span for today is estimated between 3.7000 and 3.9200.
Anticipated trend for today: Bullish
