Copper Price Indicates Bearish Momentum

Copper prices have signaled a bearish shift as they persistently hover below the support level of 3.6600 within a sideways trajectory, aligning with our previous expectations. The stability observed at 3.6300 strengthens the possibility of further bearish movement.

Should the main indicators continue to generate negative momentum, the likelihood of a bearish close below the breached support will rise, affirming its readiness to target lower levels, particularly in the vicinity of 3.5000.

Today’s projected trading range is expected to fluctuate between 3.6700 and 3.5000.

Anticipated Market Trend for Today: Bearish