Copper prices have reaffirmed their bearish trend by closing several times below the $4.3300 barrier. This decline is compounded by negative signals from major indicators, with the 55-day Moving Average (MA55) posing additional resistance near $4.2600.
Currently, copper prices are testing the $4.1400 level, which serves as the initial bearish target. Continued negative pressure may drive prices down to the support line at $4.0250, with a potential further decline to $3.9200 if this support is broken.
Today’s expected trading range is between $4.0250 and $4.2000.
Trend Forecast: Bearish
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