Copper price repeats the positive closings – Forecast today – 5-4-2024
Economies.com
2024-04-05 08:19AM UTC
Copper Price Analysis
Expected Scenario
- The copper price remains stable above the additional support of $3.9500.
- It has recorded some recent gains, reaching $4.2500 and settling near this level.
Expected Outcome
Stochastic current consolidation within the overbought areas will likely increase positive momentum.
Crawling below $4.1500 and holding below it might force the price into mixed sideways trades before reaching higher levels.
Expected Trading Range
Between $4.1500 support and $4.4200 resistance.
Trend Forecast: Bullish
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