Copper Price Analysis: Bullish Trend Forecasted

by Daisy

Copper prices have rebounded after hitting the $4.3500 support line, creating a robust barrier against further declines. This shift has resulted in positive momentum, with prices stabilizing near $4.4600.

The stochastic indicator’s exit from oversold territory further supports the postponement of the negative trend, suggesting an imminent bullish movement. The forecast anticipates potential upward trades targeting $4.6200, with a possible extension to the $4.7700 resistance level.


Expected Trading Range:

Low: $4.4000


High: $4.6200

Trend Forecast: Bullish

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