The price of copper engaged in a gradual sideways pattern, despite its consistent position above the critical support level of 3.6600. This situation has been influenced by the influence of the MA55 indicator, which currently holds near the 3.8200 mark.
It is anticipated that this sideways trading behavior will persist as the market awaits the accumulation of additional positive momentum. This momentum, if realized, could facilitate the overcoming of the MA55 obstacle. This achievement may subsequently trigger a renewed bullish surge, with a focus on targeting key positive levels positioned around 3.9200 and 4.0500.
In the current trading context, the projected range is expected to fluctuate between 3.7000 and 3.9200.
Anticipated Trend for Today: Bullish
