Copper price continue to rise – Forecast today – 22-4-2024

Economies.com
2024-04-22 05:14AM UTC

Copper Price Analysis

Expected Scenario

  • The Copper price continued to form new positive trades, approaching the first main target by touching $4.5400 level and settling near it.
  • Additional support is forming at $2.3000, and stochastic continuous positive momentum allows for suggesting more bullish attempts that might target $4.6400 level soon, followed by reaching the next target at $4.7800.

Expected Trading Range

Between $4.4200 support and $4.6400 resistance.

Trend Forecast: Bullish

Commodities News

Steel News

Commodities

Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Oil News

Commodities

Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Gold News

Commodities

Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...

Commodities Technical Analysis

Technical Analysis

Commodities

Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Technical Analysis

Commodities

Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Brent oil Analysis

Commodities

Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...