3
Copper prices remain stable above the key support line of $4.2600, despite ongoing fluctuations. This stability provides an opportunity to build the necessary momentum to break through the resistance level at $4.3900. If successful, traders may target further positive price levels at $4.5400 and $4.6900.
However, should the prices succumb to stochastic negativity and dip below the current support, it could trigger a series of negative trades. Such a decline might result in further losses, potentially starting at $4.1500.
For today’s trading, analysts anticipate a range between $4.2600 and $4.5000.
Related topic: