Copper Price Analysis and Forecast

Expected Scenarios

Copper price ended the temporary negative fluctuation by touching 3.9500$ level. Formed a bullish wave, attempting to confirm keeping the bullish track. Frequent stability above 3.8700$ support line. Stochastic attempt to provide the positive momentum. Forming new bullish waves suggests attacking 3.1500$ level soon. Surpassing it will push the price to reach the next positive target at 4.3000$.

Trading Range Forecast

The expected trading range for today is between 3.9400$ and 4.1500$.

Trend Forecast

Bullish