The copper market is expected to maintain its bearish trajectory, with prices holding steady below the resistance line at $4.7700. Influenced by stochastic negativity, copper prices have settled near $4.4700. Persistent downward pressure is likely to increase the probability of copper reaching its primary negative targets. These targets are anticipated to begin at $4.3500, with the next key level projected at $4.1500.
Expected Trading Range
The anticipated trading range for copper is between $4.6000 and $4.3500.
Trend Forecast
The forecast for the copper market remains bearish.