“Copper prices continue to fluctuate along a bullish trend – Market forecast for 2-12-2025.”

14

Copper prices gained, reaching the $5.2600 level, before dipping below $5.2000, resulting in mixed trading activity and stabilizing around $5.1400.

The recent rebound is unlikely to disrupt the bullish outlook, as prices remain within the upper levels of the bullish channel. Initial support is expected at $4.7500, reinforcing our continued bullish expectation, with a near-term target of $5.3200 and a longer-term objective around $4.5000.

Today’s anticipated trading range is between $5.0600 and $5.3200.

Trend forecast: Bullish

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