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Copper price takes breath – Forecast today – 16-5-2024
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Copper price takes breath – Forecast today – 16-5-2024
May 15, 2024 11:37 PM

Copper Price Analysis Expected Scenario Copper price approached the first additional target at $5.1600 yesterday, followed by starting to form some sideways trades by settling near $5.000 level, attempting to take breath and start gathering additional positive momentum to confirm the continuation of the positivity for the upcoming trading. We remind you that the main stability above $4.7500 that forms the major factor to motivate the bullish track allows us to keep the bullish attempts, thus, we will keep waiting to gather the positive momentum to ease the mission of surpassing $5.1600 level soon followed by attempting to touch the next main target at $5.5800. Expected Trading Range Between $4.8800 and $5.1600.

Trend Forecast: Bullish

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