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Copper price has resumed a sideways fluctuation, settling near the 3.8400 level. However, this does not diminish the bullish outlook, contingent upon the stability of the extended support line at 3.7600 and the consolidation of the MA55 below it.
Consequently, we anticipate the acquisition of additional positive momentum, paving the way for a bullish rally with initial targets at 3.9200 and 4.0200.
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The expected trading range for today is anticipated between 3.8000 and 4.0000.
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Expected Trend for Today: Bullish
