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Copper price begins positively – Forecast today – 20-6-2024
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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

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