financetom
Technology
financetom
/
Technology
/
Copper price needs new momentum – Forecast today – 11-4-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price needs new momentum – Forecast today – 11-4-2024
Apr 11, 2024 4:01 AM

Copper Price Analysis Expected Scenario The Copper price didnt achieve any positive gains and fluctuated below the 4.3000$ level again, affected by stochastic exit from the overbought areas as appears on the chart. We expect to form additional sideways trades until gathering the positive momentum, to manage to hold above 4.1500$ followed by attempting to reach the additional positive stations near 4.4200$ and 4.5800$. Expected Outcome The Copper price is expected to experience sideways trading until gathering positive momentum, aiming to hold above 4.1500$. Subsequent attempts may be made to reach additional positive stations near 4.4200$ and 4.5800$.

Expected Trading Range Between 4.2500$ support and 4.4200$ resistance.

Trend Forecast: Bullish

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 >
Unveiling 33 Analyst Insights On Marvell Tech
Unveiling 33 Analyst Insights On Marvell Tech
May 13, 2024
In the preceding three months, 33 analysts have released ratings for Marvell Tech ( MRVL ) , presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Critical Insights From ON Semiconductor Analyst Ratings: What You Need To Know
Critical Insights From ON Semiconductor Analyst Ratings: What You Need To Know
May 13, 2024
20 analysts have shared their evaluations of ON Semiconductor during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 5 5...
AMD Failed To Meet Lofty Expectations
AMD Failed To Meet Lofty Expectations
May 13, 2024
At the end of April, Advanced Micro Devices Inc ( AMD ) failed to impress, unlike Nvidia Corporation ( NVDA ) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while. It's no secret that AMD trails the undoubtable leader Nvidia ( NVDA ) that holds as much as 80% of the thriving market for AI server semiconductors. First Quarter Highlights...
Intel hires industry veteran Kevin O'Buckley to head Foundry Services
Intel hires industry veteran Kevin O'Buckley to head Foundry Services
May 13, 2024
May 13 (Reuters) - Intel ( INTC ) on Monday named Kevin O'Buckley head of services at its contract chip-making business, tapping an industry veteran as the company builds out the unit to catch up with market leader Taiwan Semiconductor Manufacturing ( TSM ). He will succeed company veteran Stuart Pann, who set up the Intel Foundry segment under the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved