Copper Price Holds Steady Above Key Support Level

The copper price remains in a bullish trend due to its stability within a specific channel. This channel has support levels extending up to $6,370. The current price is fluctuating around $6,600, trying to gain momentum for further gains.

For the copper price to reinforce its chances of reaching new highs, it needs to stay above $6,650. If this level is breached, the price could target $6,740 as an initial goal and potentially reach $6,800 or even $6,870.

The predicted trading range for today is between $6,480 and $6,740.