Copper price attacks the resistance – Forecast today – 30-4-2024
Economies.com
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price
Expected Scenarios
- Copper price successfully reached the second positive target at $4.6700, encountering the extension of the bullish channel’s resistance line.
- Formation of sideways trades is anticipated while stochastic continues to provide positive momentum, facilitating the breach of resistance.
- New positive stations may be targeted, with potential extensions towards $4.8000 and $5.0200.
Trading Range
The expected trading range for today is between $4.5800 and $4.8000.
Trend forecast: Bullish
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