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Copper price holds above the support – Forecast today – 28-5-2024
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Copper price holds above the support – Forecast today – 28-5-2024
May 27, 2024 11:47 PM

Copper Price Analysis Expected Scenario The Copper price ended the correctional bearish rebound by testing the 4.7300$ support line, keeping its stability above it in order to reinforce the chances of the main bullish track again. Note that breaking the current support and holding below it will cancel the positive overview and start suggesting the negative track again, to expect suffering big losses that might start at 4.5200$ followed by reaching 4.3100$. Expected Trading Range Between 4.7200$ support and 5.000$ resistance.

Trend Forecast: Bullish

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