The trajectory of the copper price endures a phase of lateral oscillation, strategically addressing stochastic negativity while maintaining a resilient posture above the significant support level of 3.6700. This positive stance is indicative of the prevailing stability. Anticipations revolve around the prolongation of this sideways bias, underscoring the potential for ascendance beyond the 3.8500 threshold. A successful breach of this barrier is envisaged to initiate an accrual of further gains, with an initial target set at the 3.9200 level. Subsequently, endeavors may be directed towards exerting pressure on the 4.0200 level, subsequently paving the way for the resumption of a bullish offensive in the imminent period.
Today’s anticipated trading range spans between 3.7000 and 3.9200.
The projected trend for today is favorable, inclined towards a bullish orientation.
