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Copper price achieves the first target – Analysis – 25-1-2024
Copper price got the additional momentum caused by stochastic reach to the overbought areas to form strong bullish rally and achieve the first positive target by reaching 3.8750.
Also, the stability of the MA55 above the additional support 3.7150 confirms confining trades within the bullish track, waiting to confirm breaching 3.8500 followed by starting to target new positive stations that start at 3.9200 and 4.0200.
The expected trading range for today is between 3.8050 and 3.9200
The expected trend for today: Bullish
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