Category: Forex News, News
Copper price activates positively– Forecast today – 6-5-2025
Copper price began activating with the positivity of the main indicators, forming some of the bullish waves, to settle above $4.660 level, attempting to regain the bullish attempts, and the stability of the moving average 55 near the support at $4.5400 reinforces the chances for targeting positive stations, to wait to reach $4.7300, then repeating the pressure on %61.8 Fibonacci correction level near $4.8200.
Noting that reaching below the mentioned support and providing negative closes below it, will assist to confirm the negative scenario again, to expect suffering several losses by reaching $4.4500 and $4.3100.
The expected trading range for today is between $4.5900 and $4.7300
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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