financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
Copper price begins positively – Forecast today – 20-6-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Copper price begins positively – Forecast today – 20-6-2024
Jun 20, 2024 5:49 AM

Copper Price Analysis Expected Scenario Copper price began activating the bullish track, taking advantage of the repeated stability above the support level at 4.3500$, achieving the first positive targets by reaching 4.6200$ and settling near it. The continuation of attempts to provide positive momentum by the main indicators will increase the chances of targeting the resistance at 4.7700$, which represents the key to detecting the main trend in the upcoming trading. Surpassing the resistance will confirm the move to the bullish track, with expectations to attack the 4.8600$ level and then attempt to reach the previously achieved top at 5.1800$. Expected Trading Range Between 4.4700$ support and 4.8600$ resistance.

Trend Forecast: Bullish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Evening update for EURUSD -24-10-2025
Evening update for EURUSD -24-10-2025
Oct 24, 2025
The (EURUSD) settled high in its last intraday trading, testing the critical resistance level at 1.1630, accompanied by hitting the resistance of the EMA50, amid the dominance of the main bearish trend and its trading alongside trendline, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels. VIP Trading Signals Performance by BestTradingSignal.com (13-17...
Evening update for EURUSD -27-10-2025
Evening update for EURUSD -27-10-2025
Oct 27, 2025
The (EURUSD) declined in its last intraday trading, in attempt to gain bullish momentum that might help it to breach the key resistance at 1.1630, besides its attempts to get rid of the pressure of EMA50, supported by the stability of the positive signals on the relative strength indicators, under the dominance of the bullish corrective trend on the short-term...
Forecast update for EURUSD -27-10-2025.
Forecast update for EURUSD -27-10-2025.
Oct 27, 2025
The price of (EURUSD) rose in its last intraday trading, amid its attempts to breach the key resistance at 1.1630, accompanied with its attempts to surpass he negative pressure of the EMA50, increasing the importance of this level, taking advantage of the dominance of the bullish corrective trend on the short-term basis and its trading alongside trendline, with the emergence...
Euro under pressure due to trade tensions
Euro under pressure due to trade tensions
Oct 22, 2025
The euro fell in European trading on Thursday against a basket of global currencies, resuming losses that had paused temporarily on Wednesday against the US dollar, and moving close to a two-week low amid renewed trade tensions between the United States and China tensions expected to weigh on global trade and economic growth. With inflationary pressures resurfacing for European Central...
Copyright 2023-2025 - www.financetom.com All Rights Reserved