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Copper Price Makes Efforts to Break the 55 SMA

by Jennifer

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

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