Copper prices have come under strong pressure at the $6.1000 support level, increasing the likelihood of the required break in the near term. The overall bearish outlook remains intact as long as prices hold below the $6.6100 resistance level, while $6.4200 continues to act as an additional barrier in recent trading.
The alignment of the main indicators in signaling negative momentum also leads us to expect a break below the current support, paving the way for further bearish targets starting at $5.9000 and $5.7700.
The expected trading range for today is between $5.9000 and $6.2800.
Trend forecast: Bearish
