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
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