Category: Forex News, News
Copper price delays the decline– Forecast today – 22-5-2025
Copper price confirmed delaying the decline in the current period, due to the continuation of providing positive momentum by the main indicators, attempting to surpass the initial barrier at $4.6600, recommend waiting for confirming the breach to reinforce the chances for forming a bullish rally then targeting some of the positive stations that begin at $4.7500 reaching 61.8%Fibonacci correction level at $4.8100.
Activating the negative track requires forming a sharp decline, to settle below $4.5000 level, to confirm targeting several negative stations that begin at $4.4300 and $4.3100.
The expected trading range for today is between $4.5500 and $4.7500
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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