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Copper price awaits the positive momentum – Forecast today – 25-6-2024
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Copper price awaits the positive momentum – Forecast today – 25-6-2024
Jun 25, 2024 12:11 AM

Copper Price Analysis Expected Scenario The Copper price kept its stability above 4.3500$ support line again, to confirm keeping the previously suggested bullish track, while the lack of positive momentum pushed it to provide more sideways trades, to fluctuate near 4.4200$ without recording any new positive level until this moment. Now, stochastic exit from the overbought areas might assist to provide the positive momentum to ease the mission of activating the bullish attack, to target 4.7700$ and 4.8600$ levels soon, on declining below the current support will force the price to provide new correctional bearish trades to suffer additional losses that might extend towards 4.2200$ and 4.1500$. Expected Trading Range Between 4.4000$ support and 4.7700$ resistance.

Trend Forecast: Bullish

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