Copper Price Hits Bearish Target as Stochastic Approaches Oversold Levels

The copper price has fallen below the support level at $6.3300 and reached its first bearish target near $6.2300, according to a recent update from Economies.com.

This decline is attributed to stochastic approaching oversold levels, indicating that the price may continue to fall further.

The expected trading range for today is between $6.1650 and $6.3800, with the bearish trend forecast remaining in place.