Copper Price Holds Above Key Moving Average, Eyes New Gains

The copper price has maintained its position above the 55-period moving average at $6.2500, establishing an additional support level.

This development has led to a minor gain in the copper price as it advances toward $6.4150.

For the copper price to strengthen its chances of resuming upward attempts and target new positive levels, it must break above $6.4500 and hold above it.

The expected trading range for today is between $6.3300 and $6.5700.