Copper Price Hinges on Next Barrier Breach

Copper's price has reached $6.8200, but it still needs to confirm a breach above its next barrier to resume its bullish trend.

The price is currently fluctuating around $6.7400, which is a result of stochastic exit from the overbought level.

For a positive close above the barrier and to reinforce the chances of resuming the bullish trend, Copper needs to target new historical stations that might begin at $6.9300, reaching the psychological barrier at $7.000 level.

However, if the breach is not confirmed, the price will likely provide mixed trading with a chance to activate the bearish corrective trend and decline towards $6.5700.