financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
Copper price begins positively – Forecast today – 20-6-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price begins positively – Forecast today – 20-6-2024
Jun 20, 2024 5:49 AM

Copper Price Analysis Expected Scenario Copper price began activating the bullish track, taking advantage of the repeated stability above the support level at 4.3500$, achieving the first positive targets by reaching 4.6200$ and settling near it. The continuation of attempts to provide positive momentum by the main indicators will increase the chances of targeting the resistance at 4.7700$, which represents the key to detecting the main trend in the upcoming trading. Surpassing the resistance will confirm the move to the bullish track, with expectations to attack the 4.8600$ level and then attempt to reach the previously achieved top at 5.1800$. Expected Trading Range Between 4.4700$ support and 4.8600$ resistance.

Trend Forecast: Bullish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EURUSD suffers from negative pressures-Analysis-24-04-2025
EURUSD suffers from negative pressures-Analysis-24-04-2025
May 25, 2025
The EURUSD settled bearishly in its recent intraday trading, affected by the technical formation negativity, which was formed previously on the short- term basis, represented by the rising wedge pattern, which causes correctional pressures on the price. The continuation of the trading below EMA50, besides the emergence of weakness signals from the (RSI), after offloading some of the exaggerated oversold...
EURUSD moves in a limited range -Analysis-28-04-2025
EURUSD moves in a limited range -Analysis-28-04-2025
May 25, 2025
The EURUSD price settled on a slight decline in its recent intraday trading, due to the continuous negative pressure from its trading below EMA50, to keep moving in limited range of tight sideways trading, holding above 1.1310 support, taking advantage from the emergence of the positive signals on the (RSI). This came because of the domination of a bearish correctional...
EURUSD suffers from negative pressure -Analysis-08-05-2025
EURUSD suffers from negative pressure -Analysis-08-05-2025
May 25, 2025
The EURUSD declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels previously, to surpass the support of its EMA50, which increases the negative pressure on its upcoming trading. The last decline led the price to settle again below 1.1340, which reinforces the negative scenario amid the dominance of the...
EURUSD surrenders to the negative pressure-Analysis-25-04-2025
EURUSD surrenders to the negative pressure-Analysis-25-04-2025
May 25, 2025
The EURUSD declined in its recent intraday trading, affected by the continuous negative pressure due to its stability below the EMA50, accompanied with a negative technical formation that completed previously on the short-term basis, which is the rising wedge pattern. Additionally, the emergence of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared to the price movement,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved