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Commodities

Copper Price Below $6.3600, Seeks Bearish Momentum

Guavy AI Editorial Team
Instruments
Copper
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The price of copper has been fluctuating below $6.3600 level over the past day, making some corrective attempts to bounce back and settle near $6.3000.

This comes as the price is in need of a new bearish momentum to reinforce the chances of resuming the corrective attempts until reaching the initial support at $6.1000.

If it surpasses this level, the price will likely suffer extra losses by reaching $5.9500 and $5.8200.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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