Copper price repeats the positive closings – Forecast today – 12-4-2024
Economies.com
2024-04-12 07:20AM UTC
Copper Price Analysis
Expected Scenario
- The copper price has shown stability above the initial support at $4.1500.
- There are indications of potential upward pressure towards the $4.3000 barrier.
Expected Outcome
If positive momentum continues, the price is likely to resume its bullish trend, with targets near $4.4200 and $4.5800.
Additional upward pressure could be seen if the bullish momentum persists.
Expected Trading Range
Between $4.2500 support and $4.4200 resistance.
Trend Forecast: Bullish
Commodities News
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities Technical Analysis
Commodities
Wheat price completes negative pattern – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Wheat Price Analysis Expected Scenario Wheat price provided new negative trades ...
Commodities
Corn price suffers clear losses – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Corn Price Analysis Expected Scenario Corn price declined strongly yesterday to ...
Commodities
Brent oil price awaits more rise – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price continues to trade ...