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Copper price begins to decline – Forecast today – 14-6-2024
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Copper price begins to decline – Forecast today – 14-6-2024
Jun 14, 2024 4:02 AM

Copper Price Analysis Expected Scenario The Copper price begins to react to the negative factors represented by the main stability below 2.7800$ resistance line, in addition to stochastic negative momentum signals, to notice crawling towards 4.4600$ level recently, attempting to confirm the activation of the previously suggested negative attack. We expect to target the additional support at 4.3500$ soon, assuring the importance of breaking this level to open the way to resume the negative attack and reach additional negative stations that might start at 4.1500$ and 4.0200$. Expected Trading Range Between 4.6000$ support and 4.3500$ resistance.

Trend Forecast: Bearish

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