financetom
Technology
financetom
/
Technology
/
Copper price moves within tight range – Forecast today – 29-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price moves within tight range – Forecast today – 29-10-2024
Nov 3, 2024 1:20 PM

Copper price didnt move recently, as it remains confined between 4.3900$ barrier and 4.2600$ additional support, to continue forming weak sideways trades by settling at 4.3100$.

Also, the contradiction between the major indicators allows us to monitor the price until surpassing one of the mentioned barriers, as declining below the support will confirm moving to the negative track again, to suffer many losses by moving towards 4.1600$ first, while surpassing the barrier and holding above it will allow the price to regain the bullish bias, to target 4.5400$ first, followed by reaching 4.6900$.

The expected trading range for today is between 4.2600$ and 4.3900$

Trend forecast: Sideways

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved