Copper Price Stabilizes at $6.764 Amid Mixed Technical Indicators

Copper prices have stabilized at $6.764, showing a modest daily gain and remaining below its short- and medium-term moving averages but above its long-term trend support.

The technical indicators are mixed, with buyer strength evident but momentum readings and oscillators warning of overbought conditions and neutral trends.

Copper is expected to remain range-bound at $6.7151 to $6.8129 over the next 2 to 3 days with a moderate 55% probability of an upward move, according to traders.