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Copper price delays the decline– Forecast today – 15-4-2025
Copper price confirmed delaying the decline by providing new positive closes above the support base at $4.5000 level affected by the moving average 55 stability near it, to notice forming some of the bullish waves and achieving extra gains by reaching $4.6600.
Providing positive momentum by the main indicators, and the repeated stability above the mentioned support will increase the chances for surpassing the barrier at 4.6600$, opening the way for recording new positive gains that might extend to $4.7500 reaching 61.8%Fibonacci correction level near $4.8200.
The expected trading range for today is between $4.5200 and $4.7500
Trend forecast: Bullish
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