Copper Price Hits Resistance at $6.74, Pivotal Moment Ahead

The copper price has encountered a significant barrier at $6.7400, causing it to settle below this level and potentially triggering a bearish correction.

According to Economies.com's forecast, the price will remain below this key barrier unless it can activate its main indicators' positivity and breach the resistance at $6.8000.

If successful in breaching this level, the copper price could attempt to reach new historical gains of $6.8600 or $6.9300.

However, if it fails to break through this barrier, the price may decline towards $6.5700, indicating a potential shift in trend.