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Copper price awaits to break the obstacle – Forecast today – 7-6-2024
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Copper price awaits to break the obstacle – Forecast today – 7-6-2024
Jun 7, 2024 3:56 AM

Copper Price Analysis Expected Scenario Copper price failed to break the 4.5200$ barrier yesterday, repeating weak sideways waves to settle near 4.600$ as appears in the above image. Stochastic's decline below the 50 level, combined with the continuous stability below the resistance at 4.7600$, makes us wait for achieving the required break to open the way towards the negative correctional stations located near 4.3100$ and 4.1500$. Expected Trading Range Between 4.7200$ support and 4.3100$ resistance.

Trend Forecast: Bearish

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