Copper Price Analysis
Expected Scenario
The copper price remains stable above the additional support of $3.9500.
It has recorded some recent gains, reaching $4.2500 and settling near this level.
Expected Outcome
Stochastic current consolidation within the overbought areas will likely increase positive momentum.
Crawling below $4.1500 and holding below it might force the price into mixed sideways trades before reaching higher levels.
Expected Trading Range
Between $4.1500 support and $4.4200 resistance.
Trend Forecast: Bullish