No news for copper price – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:05AM UTC
Copper Price Analysis
1. Expected Scenario
- No significant news impacting copper price stability within the bullish channel.
- Strength of major resistance at $4.7000 delaying bullish momentum.
- Correctional decline anticipated unless resistance is breached.
- Accumulation of negative momentum crucial for decline towards $4.4200 and $4.3000.
2. Expected Trading Range
- Anticipated trading range today: $4.6800 support to $4.4500 resistance.
Trend Forecast: Bearish
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