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Commodities

Copper Price Retreats After Failing to Break Through Key Barrier

Guavy AI Editorial Team
Instruments
Copper
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The price of copper has failed to break through the barrier at $6.5100, forcing it to retreat and settling near $6.2500.

This decline will not affect the chances of renewing the bullish trend, but it depends on the stability of the extra support at $6.1000.

If the price breaks below this support and closes in the red, it could strengthen the bearish correction and lead to losses down to $5.9200 and $5.8100.

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