The trajectory of copper price is intricately interwoven with the conflicting signals emanating from major indicators. This dynamic has prompted copper price to exhibit a pattern of oscillation, characterized by lateral movement. The price continues to sustain itself above the pivotal support at 3.6500, thereby tempering the prospects of descending into a bearish trajectory.
Conversely, the unwavering presence of the 3.8500 barrier engenders a formidable impediment to the rejuvenation of bullish endeavors. Consequently, the prevailing circumstances indicate a predilection towards a sideways bias, urging patience as the market awaits a breakthrough of either of the aforementioned barriers, which in turn would illuminate the trajectory’s future targets.
As for the projected trading scope for today’s session, the envisioned span spans between the foundational support level at 3.6500 and the opposing resistance stronghold at 3.8500. Within this context, the dominant trend sentiment remains entrenched in a sideways stance, reflecting the current state of equilibrium in copper price dynamics.
