Copper Price Hits Key Support Level Amid Ongoing Decline

The copper price is currently under negative pressure, approaching its corrective target at $6.4800.

This level represents additional support that could help halt the current decline and potentially allow the price to form bullish waves targeting $6.6200 and then the resistance barrier at $6.7400.

On the other hand, breaking below this support level would force the price to incur further losses, with the decline potentially extending towards $6.3800 and $6.2400.