Latest Articles

HomeLatestCopper Price Gains Positive Momentum – Forecast for July 3, 2024
Advertisements

Copper Price Gains Positive Momentum – Forecast for July 3, 2024

Copper Price Analysis

Advertisements

Current Scenario

Advertisements

Copper price has begun to show positive momentum, supported by stochastic indicators and consolidating near the MA55 around the $4.3300 support level. This consolidation strengthens the likelihood of triggering the anticipated bullish move.

Advertisements

Bullish Outlook

It’s important to note that the initial target stands near $4.5500. A successful breach above this level would likely propel the price towards testing the $4.6900 resistance line, which holds the key to determining the next major trend.

Expected Trading Range

  • Support: $4.3300
  • Resistance: $4.5500

Trend Forecast: Bullish

Related topics:

Advertisements
Advertisements