Copper price repeats the positive closings – Forecast today – 18-3-2024
Economies.com
2024-03-18 06:35AM UTC
Copper price provided new positive close above 4.0200 level, confirming keeping the bullish scenario by approaching the additional target 4.1500, also, stochastic fluctuation within the overbought areas will increase the chances of gathering the additional momentum, to reinforce the chances of touching the first additional target, while surpassing it might extend trades towards 23.6% Fibonacci correction level at 4.3000.
The expected trading range for today is between 4.0500 and 4.2000
Trend forecast: Bullish
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