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Copper price needs new momentum – Forecast today – 11-4-2024
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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

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