Copper price renews the positive action – Forecast today – 19-4-2024
Economies.com
2024-04-19 08:12AM UTC
Copper Price Analysis
Expected Scenario
- The copper price has successfully overcome temporary negative pressures, consolidating above the $4.1500 support level.
- Renewed positive action is observed, exerting strong pressure on the $4.4200 resistance level.
Expected Outcome
This positive momentum, supported by stochastic indicators, enhances the likelihood of breaching the current resistance level and potentially achieving further gains towards $4.6000 and $4.7800.
Expected Trading Range
Between $4.4200 support and $4.2500 resistance.
Trend Forecast: Bullish
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