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Copper price under the positive pressure – Forecast today – 8-4-2024
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Copper price under the positive pressure – Forecast today – 8-4-2024
Apr 7, 2024 11:59 PM

Copper Price Analysis Expected Scenario The Copper price continued to provide positive trades recently, settling within the bullish track that depends on the stability of the major support at $3.8500, in addition to the $4.1500 level that continues to form additional support, increasing the chances of activating the bullish attack on a near-term and medium-term basis. Major indicators provide positive momentum, easing the mission of surpassing the $4.3000 obstacle soon, opening the way to reach new stations that might extend towards $4.4200 followed by reaching $4.5800 as the next main target. Expected Outcome The positive momentum and stable support levels are expected to facilitate the Copper price's movement towards surpassing the $4.3000 obstacle, potentially reaching new targets at $4.4200 and $4.5800.

Expected Trading Range Between $4.1500 support and $4.4200 resistance.

Trend Forecast: Bullish

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