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Copper Price Moves Gradually – Forecast for August 20, 2024

Copper prices are showing slow movement amid conflicting signals from major indicators, with fluctuations around the $4.1700 level. Despite this, the price is maintaining its bullish trend by consistently closing above the $4.0250 support line.

There is potential for copper prices to gain additional positive momentum, supported by stability above the $4.1500 barrier. The next targets are projected to be at $4.2400 and $4.3900.

Today’s expected trading range is between $4.0900 and $4.2400.

Trend Forecast: Bullish

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