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Copper price repeats the positive closings – Forecast today – 5-4-2024
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Copper price repeats the positive closings – Forecast today – 5-4-2024
Apr 4, 2024 11:19 PM

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

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