Advertisements

Copper Price Forecast: Bearish Trend Continues

by Daisy

The copper market is expected to maintain its bearish trajectory, with prices holding steady below the resistance line at $4.7700. Influenced by stochastic negativity, copper prices have settled near $4.4700. Persistent downward pressure is likely to increase the probability of copper reaching its primary negative targets. These targets are anticipated to begin at $4.3500, with the next key level projected at $4.1500.

Expected Trading Range

The anticipated trading range for copper is between $4.6000 and $4.3500.

Advertisements

Trend Forecast

The forecast for the copper market remains bearish.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News