Copper price tends towards the positivity – Forecast today – 28-3-2024

Economies.com
2024-03-28 05:33AM UTC

Copper Price Analysis and Forecast

Expected Scenarios

  • Copper price ended the temporary negative fluctuation by touching 3.9500$ level.
  • Formed a bullish wave, attempting to confirm keeping the bullish track.
  • Frequent stability above 3.8700$ support line.
  • Stochastic attempt to provide the positive momentum.

Forming new bullish waves suggests attacking 3.1500$ level soon. Surpassing it will push the price to reach the next positive target at 4.3000$.

Trading Range Forecast

The expected trading range for today is between 3.9400$ and 4.1500$.

Trend Forecast

Bullish

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