Copper Price Falters, Eyes on $6.7 Target

The copper price has been fluctuating lately, delaying its bullish trend and causing some corrective waves. As of now, it's holding near its initial support at $6,5000.

Although the price might continue to trade sideways, its stability above the bullish channel's support level at $6,3900 supports the dominant bullish scenario, which could target $6,7200 and $6,8700.

The expected trading range for today is between $6,4500 and $6,7200. The trend forecast remains bullish for copper.