Copper price fluctuates below the barrier – Forecast today – 17-4-2024

Expected Scenarios

• Copper price failed to get the positive momentum, fluctuating within a sideways range below $4.4200 barrier.
• Increased chances of activating a correctional bearish track temporarily.
• Noticing a crawl towards $4.2900.

Trading Range

• Expecting mixed trades with chances to test additional support near $4.1500.
• Surpassing the barrier of $4.4200 and holding above it will reactivate the bullish track.
• Expecting additional gains extending towards $4.5800 initially.

Expected Range for Today

The expected trading range for today is between $4.3600 and $4.2000.

Trend Forecast: Bullish