Copper price started to resist that negative pressures, attempting to settle above the bullish channel’s support line at 4.2800 again in order to increase the chances of regaining the bullish bias, also, the stability of the moving average 55 below the current trades allows us to suggest the bullish trades that might target 4.4100 and 4.5200 levels.
On the other hand, declining below the mentioned support will cancel the positive overview, to form strong negative waves that might push it to reach 4.1200 initially.
The expected trading range for today is between 4.2600 and 4.4100
The expected trend for today: Bullish