Copper Price Weakness Persists Amid Stochastic Resistance
Copper prices are experiencing weakness, with the metal struggling to break above the $6.5100 barrier.
The stochastic indicator is providing negative momentum, hindering bullish attempts and causing a decline in price towards the $62.700 level.
As a result, analysts predict that copper may retest its initial support at $6.1000, potentially leading to a bearish correction and a target of $5.9200 if broken.