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Copper price prepares for strong decline – Forecast today – 4-6-2024
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Copper price prepares for strong decline – Forecast today – 4-6-2024
Jun 4, 2024 1:53 AM

Copper Price Analysis Expected Scenario Despite copper price recent weak trades, we assure its affect by the negative track due to the frequent fluctuation below 4.7400$ resistance line, in addition to 4.8500$ level forming additional strong barrier against the recent trades, while the price needs to decline below 4.5200$ to manage to form strong bearish waves to start targeting the main stations near 4.3100$ and 4.1500$. Expected Trading Range Between 4.700$ and 4.3100$ support and resistance levels.

Trend Forecast: Bearish

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