financetom
Technology
financetom
/
Technology
/
Copper price repeats the positive closings – Forecast today – 5-4-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price repeats the positive closings – Forecast today – 5-4-2024
Apr 5, 2024 3:57 AM

Copper Price Analysis Expected Scenario The copper price remains stable above the additional support of $3.9500. It has recorded some recent gains, reaching $4.2500 and settling near this level. Expected Outcome Stochastic current consolidation within the overbought areas will likely increase positive momentum.

Crawling below $4.1500 and holding below it might force the price into mixed sideways trades before reaching higher levels.

Expected Trading Range Between $4.1500 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 >
Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Nov 3, 2024
(Reuters) - Pat Gelsinger took the reins as Intel CEO three years ago with hopes of reviving the American industrial icon. He soon made a big mistake. Intel had a sweet deal going with Taiwan's TSMC, the giant manufacturer of semiconductors for other companies. TSMC would make chips that Intel designed but could not produce. And it was offering deep...
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
Nov 3, 2024
(Reuters) - OpenAI is working with Broadcom ( AVGO ) and TSMC to build its first in-house chip designed to support its artificial intelligence systems, while adding AMD chips alongside Nvidia ( NVDA ) chips to meet its surging infrastructure demands, sources told Reuters. OpenAI, the fast-growing company behind ChatGPT, has examined a range of options to diversify chip supply...
A Closer Look at 10 Analyst Recommendations For Monolithic Power Systems
A Closer Look at 10 Analyst Recommendations For Monolithic Power Systems
Nov 3, 2024
In the last three months, 10 analysts have published ratings on Monolithic Power Systems ( MPWR ) , offering a diverse range 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...
Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Special Report-Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Nov 3, 2024
(Reuters) - Pat Gelsinger took the reins as Intel CEO three years ago with hopes of reviving the American industrial icon. He soon made a big mistake. Intel had a sweet deal going with Taiwan's TSMC, the giant manufacturer of semiconductors for other companies. TSMC would make chips that Intel designed but could not produce. And it was offering deep...
Copyright 2023-2025 - www.financetom.com All Rights Reserved