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The copper market exhibited uncertainty as prices hovered around the 55 Simple Moving Average (SMA) at approximately 3.800. The Stochastic indicator remains optimistic, indicating a potential for positive momentum and an attempt to overcome the current range.
Maintaining a position above the crucial support level of 3.6500, copper prices are gathering strength, suggesting a buildup of momentum for future movements towards targets at 3.9200 and subsequently 4.0500.
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The projected trading range for today is anticipated to fluctuate between 3.7000 and 3.9200.
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Today’s anticipated trend: Upward Movement
