Advertisements

Copper Price Awaits Breakthrough of Crucial Barrier

by Jennifer

Copper prices have made recent contact with the formidable barrier at 3.8500. However, as depicted in the chart, the price has settled below this critical level. Market experts anticipate a period of sideways trading as it seeks to achieve the necessary breach. This breakthrough is pivotal for facilitating a renewed bullish assault, with targets set at approximately 3.9200 and 4.0200.

Conversely, the bullish trajectory faces a potential threat if copper prices dip below the key support level at 3.6600. Such a descent would carry significant weight as it could generate negative waves, potentially resulting in substantial losses. This downward journey may initiate around the 3.5000 level.

Advertisements

For today’s trading, market participants should prepare for possible price fluctuations, with the expected trading range spanning from 3.7500 to 3.9200.

Advertisements

Anticipated Market Trend for Today: Bullish

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