Copper Price Remains Bullish Amid Correction

The copper price has been trading within a bullish channel, showing resilience in its stability despite some corrective movements. On August 13th, the price reached $6.4500, briefly dropping below the initial support at $6.5000 before rebounding strongly.

This correction has not broken the bullish trend, and the price is still seen as being within the channel's levels. The expected trading range for today is between $6.4800 and $6.6100.

For the copper price to continue its upward momentum, it needs a fresh bullish signal to reinforce its chances of breaking higher targets like $6.6100 and $6.7200.