Copper price repeats the pressure on the barrier– Forecast today – 3-7-2025
Copper price moved in tight range yesterday, renewing the pressure on the barrier near $5.1000, which decelerates the chances of resuming the main bullish attack and achieving more of the positive gains.
Note that the neediness of the positive momentum until now will assist activating the bearish correctional track, to expect the decline towards $4.9700 and $4.9100, while breaching the barrier and providing a positive close above it will reinforce the chances for recording extra gains that might begin at $5.2300 reaching the top at $5.2350 level.
The expected trading range for today is between $4.9700 and $5.1000
Trend forecast: Bearish
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