Commodities
Copper Price Plummets Under Bearish Pressure
The copper price has been under significant downward pressure and failed to breach the $6.7400 barrier, forcing it into a bearish corrective trend.
This trend is likely due to contradictions between main indicators that may obstruct chances of recovering previous losses.
The price may be pushed towards the $6.3300 support level, where breaking it would confirm its move to a negative trend and potentially lead to further losses by reaching $6.2500.