Copper price hinted keeping the bullish bias domination by forming strong bullish wave and surpass the moving average 55, to push the initial barrier 2.8500, which confirms the price consolidation within the bullish channel to continue the attempts to record new targets by reaching 2.9100 followed by 2.9600 levels.
Stochastic stability around the overbought areas reinforces the continuation of the positivity by providing new positive momentum and increases the chances of reaching the suggested targets.
Expected trading range for today is between 2.8100 and 2.9100