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Commodities

Copper Price Takes Breather as Rally Falters

Guavy AI Editorial Team
Instruments
Copper
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The price of copper has ended its recent bullish rally after reaching $6.7400 level, causing it to form a temporary corrective rebound and settle near $6.5700.

This development has forced the market to wait for additional bullish momentum before resuming pressure on the barrier at $6.8500 and potentially leading to positive stations near $7.0200.

The expected trading range for today is between $6.5000 and $6.6700, while the trend forecast remains fluctuated.

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