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Category: Forex News, News

Copper price faces solid resistance – Forecast today – 12-2-2025

By │Published On: February 12, 2025│0.3 min read│Views: 224│0 Comments on Copper price faces solid resistance – Forecast today – 12-2-2025│

Copper price surrendered to the solid resistance formed at 4.6900$ to form correctional bearish rebound and activate the attempts for the expected profit gaining by targeting 4.5200$ level.

 

Now, stochastic exit from the overbought areas will increase the negative pressures on the price to expect forming additional correctional waves that might push it to reach 4.4600$ and 4.4000$ levels.

 

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The expected trading range for today is between 4.4600$ and 4.6400$

 

Trend forecast: Bearish




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