Copper Prices Hit Record Highs Amid Tariff Concerns

Copper prices have reached record highs for a second consecutive session as concerns about future availability due to potential US tariffs on refined copper imports continue to intensify.

The threat of trade barriers is adding to existing supply constraints, contributing to the metal's upward momentum. According to technical analysis, Copper currently trades above its key moving averages and holds strong bullish momentum, with price expected to remain stable or advance over the next two to three trading days.

A volatility band between $6.7315 and $6.8595 is predicted for this period, with a high probability of price consolidation within this range. The baseline outlook favors range trading, but a decisive breakout above resistance could open the way for further gains.