Category: Forex News, News
Copper price keeps the positive stability– Forecast today – 16-4-2025
Copper price surrendered to the sideways bias domination by its repeated fluctuation between 38.2% Fibonacci correction level, which represents extra support at $4.5000, while 50%Fibonacci correction level at $4.6600 represents an extra barrier against the attempt of resuming the bullish attack.
Noticing the stability of the moving average 55 above the current extra support, to reinforce the chances for renewing the bullish attempts, and surpassing $4.6600 level is important for opening the way for achieving extra gains that might extend towards $4.7500 and $4.8200.
The expected trading range for today is between 3.7500 and 4.0500
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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