Commodities
Copper Prices Stalled in Attempt to Break Above $6.7400
Copper prices have struggled to break above $6.7400, leading to mixed trading and a decline towards $6.6500.
The stochastic indicator's attempt to exit overbought territory is not expected to affect the main bullish scenario, which remains supported by the stability of the key support near $6.2600.
The forecast for copper prices suggests that they will continue to move sideways with mixed trading until fresh positive momentum emerges, enabling a confirmation of the breakout above the barrier and targeting levels at $6.9300 and $7.0000.