financetom
Technology
financetom
/
Technology
/
Copper price awaits to break the obstacle – Forecast today – 7-6-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price awaits to break the obstacle – Forecast today – 7-6-2024
Jun 7, 2024 3:56 AM

Copper Price Analysis Expected Scenario Copper price failed to break the 4.5200$ barrier yesterday, repeating weak sideways waves to settle near 4.600$ as appears in the above image. Stochastic's decline below the 50 level, combined with the continuous stability below the resistance at 4.7600$, makes us wait for achieving the required break to open the way towards the negative correctional stations located near 4.3100$ and 4.1500$. Expected Trading Range Between 4.7200$ support and 4.3100$ resistance.

Trend Forecast: Bearish

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 >
GlobalWafers has received $200 million from CHIPS Act for US projects
GlobalWafers has received $200 million from CHIPS Act for US projects
Aug 8, 2025
TAIPEI, Aug 8 (Reuters) - Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's...
Pakistan suspends mobile data service in restive province
Pakistan suspends mobile data service in restive province
Aug 8, 2025
QUETTA, Pakistan (Reuters) -Pakistan has suspended cell phone data services for three weeks in the restive southwestern province of Balochistan in a bid to block communications among separatist insurgents behind a surge in recent attacks, an official and the government said. Separatist militants demanding a bigger share of profits from the resources of the mineral-rich province have stepped up attacks...
GlobalWafers has received $200 million from CHIPS Act for US projects
GlobalWafers has received $200 million from CHIPS Act for US projects
Aug 8, 2025
TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's projects in Texas...
AI learning platform Docebo's Q2 revenue rises 14%, beats expectations
AI learning platform Docebo's Q2 revenue rises 14%, beats expectations
Aug 8, 2025
Overview * Docebo ( DCBO ) Q2 revenue rises 14% yr/yr, beating analyst expectations, per LSEG data * Subscription revenue grows 15% yr/yr, representing 94% of total revenue * Adjusted EPS for Q2 at $0.30, showing improvement from previous year Outlook * Docebo sees Q3 2025 revenue between $61.0 mln and $61.2 mln * Company expects Q3 2025 adjusted EBITDA...
Copyright 2023-2026 - www.financetom.com All Rights Reserved