Copper price formed new bullish wave recently to breach 2.2930 and increase the chances of resuming the correctional bullish track due to entering the bearish channel as appears on the chart.
We notice stochastic attempt to provide the additional positive momentum by surpassing 50 level, which allows us to suggest rallying towards 2.3800 followed by reaching 61.8% Fibonacci correction level at 2.4500.
The expected trading range for today is between 2.2900 and 2.3800
The expected trend for today: Bullish