Copper Price Holds Above Crucial Support Level, Eyes New Bullish Momentum

Copper price has managed to hold above its crucial support level of $6.3300, forming a new bullish wave and settling near $6.5000.

This resistance is significant as it suggests that the copper market may continue its upward trend in the near term, potentially targeting positive stations around $6.6000.

However, to achieve this, a new bullish momentum is necessary to reinforce the chances of a rally towards $6.7400 and beyond.