Copper price keeps the positivity – Forecast today – 2-4-2024

Analysis of Copper Price Movement

• Copper price continued to form positive trades, taking advantage of the frequent stability above the additional support at 3.9500$, to confirm its surrender to the domination of the bullish bias and notice achieving some gains by settling near 4.0500$.

• The above chart shows the consolidation of the MA55 near the key support 3.8500$, to confirm confining trades within the bullish track, also, stochastic provides the positive momentum to increase the chances of surpassing the target at 4.1500$ and open the way to reach additional stations that might start at 3.3000$ and 3.4200$.

Expected Trading Range for Today

1. The expected trading range for today is between 3.9800$ and 4.1500$

Trend forecast: Bullish