Copper Prices Stabilize Below Key Support Levels

Copper prices continue to experience downward pressure, trading at $6.398 as of current, down by 1.14% from its previous value.

The technical indicators point to strong selling momentum, with the RSI at 25.07 indicating an oversold condition, while MACD and ADX both flash sell indications.

Analysts predict that copper will remain within a trading range of $6.3216 to $6.513 over the next 2-3 sessions, with a high probability of further downside.

The Ichimoku Kijun level at $6.4918 acts as immediate resistance for any short-term recovery, while a breach below $6.3216 could trigger additional weakness.