Copper Prices Maintain Stability Amid Bullish Momentum

by Yuki

Copper prices have demonstrated stability within a bullish trend, buoyed by key indicators that are fostering positive momentum. Currently, the prices remain above the significant support level of $4.3400, with early signs of bullish waves emerging. Analysts anticipate potential gains as the price targets a rally towards $4.5300. If this level is surpassed, it may trigger further upward pressure, potentially challenging the resistance at $4.6900.

Conversely, should prices fall below the aforementioned support level and close negatively, it would activate a corrective bearish trend. Such a decline could lead to substantial losses, initially pushing prices towards the $4.2600 mark.

For today, the expected trading range for copper is projected to be between $4.3600 and $4.5300.

Related topic:

How to Trade Copper Futures?

5 Things To Know Before Trading Copper Futures

How To Invest In Copper Futures?

Related Articles

blank

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Copyright © 2023 sorafutures.com