financetom
Technology
financetom
/
Technology
/
Copper price loses the positive momentum – Forecast today – 23-4-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price loses the positive momentum – Forecast today – 23-4-2024
Apr 23, 2024 12:17 AM

Copper Price Analysis Expected Scenario The Copper price ended the recent bullish rally by touching 4.5400$ level followed by forming correctional bearish rebound, affected by stochastic exit from the overbought areas, to lose the required positive momentum to resume the bullish attempts. The continuous negative pressures might force the price to provide new correctional bearish trades to expect targeting 4.3050$ level before achieving any new positive target, while succeeding to gather the positive momentum and providing new close above 4.5400$ will ease the mission to reach the positive station near 4.6400$ and 4.7800$. Expected Trading Range Between 4.5100$ support and 4.3000$ 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 >
Crude oil prices amid continued volatility with the uptrend remaining - Analysis- 11-03-2026
Crude oil prices amid continued volatility with the uptrend remaining - Analysis- 11-03-2026
Mar 10, 2026
Crude oil price (Crude Oil) declined during its latest intraday trading, amid volatile movements as it attempts to determine a clear direction. However, it continues to benefit from the dynamic support resulting from trading above EMA50, which provides renewed positive momentum and helps maintain the main upward trend. The price is also receiving additional support from emerging positive signals from...
ServiceNow price exhausts positive chances - Forecast today - 02-10-2025
ServiceNow price exhausts positive chances - Forecast today - 02-10-2025
Mar 10, 2026
ServiceNow (NOW) stock declined in its latest intraday trading, attempting to gain positive momentum that could help it recover and climb again. The stocks recent drop brought it to the support of the 50-day simple moving average, coinciding with its reliance on a short-term corrective ascending trendline. Meanwhile, the RSI has reached heavily oversold levels. Therefore, our outlook leans toward...
GBPUSD price begins to recover- Analysis- 11-03-2026
GBPUSD price begins to recover- Analysis- 11-03-2026
Mar 10, 2026
The GBPUSD price rose during its latest intraday trading, supported by the firmness of the key support level at 1.3400, which represents the neckline of a short-term technical formation known as the double bottom pattern. This rise comes while dynamic support continues as the pair trades above EMA50. In addition, the relative strength indicators have reached levels that may help...
Bitcoin (BTCUSD) declines after reaching our price target - Analysis-11-03-2026
Bitcoin (BTCUSD) declines after reaching our price target - Analysis-11-03-2026
Mar 10, 2026
Bitcoin price (BTCUSD) settles in a decline during its latest intraday trading after rebounding downward following the firmness of the resistance level at 71,500, which had represented a price target in our previous analyses. This decline comes while the price is currently relying on the support of EMA50, which may provide a technical base that helps it regain recovery during...
Copyright 2023-2026 - www.financetom.com All Rights Reserved