Copper Price Falls Below Key Barrier Amid Bearish Correction

The price of copper has been experiencing a downturn, closing below the barrier at $6.7400 and triggering a bearish correction.

According to Economies.com, the Stochastic indicator's negative momentum forced the price down, leading to several bearish waves. The current price is stabilizing around $6.3800.

The market needs to hold above the support level at $6.3300 for the main bullish scenario to continue, targeting $6.5000 and then the barrier at $6.7400. However, if the price breaks below this support and stays beneath it, further losses toward $6.2000 are possible.