Copper prices have begun to show negative momentum following a stochastic exit from overbought levels, remaining below the $4.3200 resistance line. The price is currently trending towards $4.2000 and is settling beneath the MA55.
Ongoing negative pressures reinforce the bearish outlook, with expectations to target the $4.1500 level and potentially press down to $4.0250, paving the way for further declines.
The expected trading range for today is between $4.1500 and $4.2700.
Trend Forecast: Bearish
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