Copper price touches the target – Forecast today – 14-3-2024
Economies.com
2024-03-14 05:18AM UTC
Copper price formed strong bullish rally yesterday, to achieve the first main target at 4.0200 and confirm its affection by the bullish scenario by attempting to surpass this obstacle and touch 4.0500 level.
The continuous positive momentum coming by the major indicators and 3.8500 level forming additional support allow us to suggest more bullish attempts, to expect targeting 4.1500 followed by reaching 23.6% Fibonacci correction level at 4.3025.
The expected trading range for today is between 3.9600 and 4.1500
Trend forecast: Bullish
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