Copper Price Bounces Above Key Moving Average

Copper prices have shown signs of recovery after facing pressure from the 55-level moving average. The metal's price rose above $6,250 and started forming bullish waves, trading near $6,370.

To solidify its bullish trend, copper needs to break through the $6,450 level and stay above it. If successful, this could lead to a target of $6,570 or higher.

If the price fails to breach the $6,450 level, it may experience mixed trading, with potential corrective attempts targeting $6,160.