Latest Articles

HomeLatestCopper Price Teeters Near Support – June 26, 2024
Advertisements

Copper Price Teeters Near Support – June 26, 2024

Copper Price Analysis

Advertisements

The price of copper has encountered renewed downward pressures, stabilizing close to the $4.3500 support level. Today’s price behavior will be crucial in determining the expected trends for both the near-term and medium-term periods.

Advertisements

Sustained stability above the support level is pivotal for triggering a bullish advance, targeting levels at $4.7700 and $4.8600. Conversely, a break below the support and continued trading below it would likely lead to further declines towards $4.2200 and $4.0500 initially.

Advertisements

Expected Trading Range

  • Support: $4.3000
  • Resistance: $4.4500

Trend Forecast: Neutral

Related topics:

Advertisements
Advertisements