Copper price returned to fluctuate near 2.4530 level that forms the main factor to confirm the previously expected correctional bullish scenario, thus, we need to assure the stability above this barrier to increase the chances of reaching our targets at 2.5400 and 2.6200.
On the other hand, failing to confirm the breach and holding below 2.4530 will force the price to renew the negative attempts to suffer some losses by moving towards 2.3500 followed by reaching the bearish channel’s support line at 2.2650.
The expected trading range for today is between 2.4300 and 2.5400
The expected trend for today: Bullish