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Copper price loses the positive momentum – Forecast today – 23-4-2024
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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

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