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Copper Price Maintains Positive Momentum Amidst Stochastic Oscillation

by Jennifer

Copper prices have sustained their position within the bullish trajectory despite recent stochastic negativity. The market exhibits consistent fluctuations around the 3.9000 level. Additionally, the steadfast presence of the MA55 near the support line at 3.7700 affirms the containment of trades within the overall bullish trajectory. This sets the stage for the anticipation of a bullish assault, with potential key targets initiating at 4.0200 and extending to 4.1800.

For today’s trading parameters, the envisaged range spans from 3.8200 to 4.0200.

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The prevailing trend for today leans towards a bullish outlook as copper prices continue to exhibit positive momentum, resilient in the face of recent stochastic oscillations.

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