Copper price settles below the barrier– Forecast today – 4-7-2025
AI Summary
- Copper price closed below the barrier near $5.1000, indicating a bearish trend with potential for further negative movement
- Support levels expected at $4.9100 and $4.8100, with a chance for bullish movement if price breaches the barrier and holds above it
- Forecast for today's trading range is between $4.9100 and $5.0500, with an overall bearish trend predicted
Copper price closed yesterday’s trading by providing new negative close below the barrier near $5.1000, activating with stochastic negativity and forming negative trading by reaching $5.000.
All that supports our bearish expectation, waiting to reach the negative correctional stations that begin at $4.9100 reaching extra support at $4.8100, note that the price success to breach the barrier and holding above it will cancel the negative suggestion, providing chance to target new bullish stations that might begin at $5.2300.
The expected trading range for today is between $4.9100 and $5.0500
Trend forecast: Bearish
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