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Copper price repeats the positive closes– Forecast today – 8-8-2025
AI Summary
- Copper price is showing positive stability within bullish channel
- Main support at $4.0500, breaking it could lead to big losses
- Expected trading range for today is between $4.2600 and $4.6300, with a bullish trend forecast
Despite the weakness of copper price’s last trading and its repeated fluctuation near the moving average 55 at $4.4000 level, the overall positive stability within the bullish channel’s levels and by the stability of the extra support near $4.2600, these factors support our bullish suggestion, to keep gathering extra positive momentum, then begin targeting positive stations by $4.6300 and $4.7500.
The risk of changing the main trend by breaking the main support at $4.0500, which forces it to suffer big losses by reaching $3.8700.
The expected trading range for today is between $4.2600 and $4.6300
Trend forecast: Bullish
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