Copper Prices Consolidate Amid Tariff Uncertainty
Copper prices have been experiencing consolidation as traders eye the $6.68 resistance level.
The current price of copper (HG) stands at $6.5238, marking a modest decline in today's session.
The uncertainty surrounding US government indecision on refined copper tariffs has weighed heavily on copper sentiment, with the potential introduction of tariffs dampening expectations of near-term supply constraints.
A bearish momentum prevails as technical resistance caps rebound, with the Ichimoku Kijun at $6.68 acting as an immediate resistance level.