Copper Defies Resistance, Eyes $6.7 Target Amid Bullish Trend

The copper price has shown resilience in its trading, maintaining above $6.4100 and creating bullish waves. This is partly due to stochastic indicators surpassing oversold levels, giving a boost to the bullish trend.

With this momentum, traders are expecting the price to reach $6.7400, with an initial target of $6.6100. However, if the price drops below $6.4100 and closes negatively, it could confirm a bearish correction, leading to further losses at $6.330 and then $6.2400.

The expected trading range for today is between $6.4500 and $6.6100, with a bullish trend forecast.