Copper price awaits the additional momentum – Forecast today – 16-4-2024
Economies.com
2024-04-16 05:43AM UTC
Scenarios and Trading Range
Expected Scenarios
- Copper price continued to provide intraday sideways trades
- Attempting to get the additional positive momentum to confirm the bullish scenario for the upcoming period
- Frequent fluctuation above $4.1500 level
- Additional support in addition to stochastic attempt to rally above 50 level
Trading Range
The expected trading range for today is between $4.2500 and $4.4200.
Trend Forecast
Bullish
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