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Copper price resumes the decline – Forecast today – 10-6-2024
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Copper price resumes the decline – Forecast today – 10-6-2024
Jun 10, 2024 1:58 AM

Copper Price Analysis Expected Scenario Copper price renewed the previously expected negative action by crawling below 4.5200$ and settling near 4.4400$ level, confirming its preparation to target new negative stations on the near-term and medium term basis. Stochastic continuous negative momentum will increase the chances of attacking the additional support at 4.3500$, and declining below it will push the price to 4.1500$ as a next main target. Expected Trading Range Between 4.5500$ support and 4.3500$ resistance.

Trend Forecast: Bearish

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