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Copper price hovers near the moving average – Forecast today – 28-10-2024
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Copper price hovers near the moving average – Forecast today – 28-10-2024
Nov 3, 2024 12:19 PM

Copper price still affected by stochastic negativity, to notice providing new negative closings below 4.3900$ additional barrier, to force it to decline towards the MA55 and fluctuate near 4.3100$.

Facing continuous negative pressures might push it to break 4.2600$ support line to start activating the correctional bearish track by suffering some losses at 4.1600$ and 4.0500$, while breaching the barrier will allow it to activate the bullish track again, to target 4.4800$ as a first station.

The expected trading range for today is between 4.2000$ and 4.3600$

Trend forecast: Bearish

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