Commodities
Copper Price Stays Bullish Amid Fluctuations
The copper price continues to exhibit a bullish trend despite its recent fluctuations. As of August 31, 2026, the price remains stable above $6.3300 support and is attempting to settle above the bullish channel's support at $6.4400.
However, for the price to surpass the barrier at $6.7400, a new bullish momentum is needed. If it succeeds, the price could target new highs by reaching $7.0200.
On the other hand, if the price falls below $6.3300 and closes in the negative, it will confirm its move to the negative track, leading to potential losses of up to $6.2000.