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Copper prices have continued to experience downward fluctuations, maintaining levels below the 55-day moving average (MA55) of $4.2600. This reinforces the previously forecasted bearish outlook. Additionally, stochastic indicators are generating negative momentum, heightening downward pressure on prices. The immediate target for the current trading scenario is $4.0250, with a longer-term goal of $3.9200.
For today, trading is anticipated to range between $4.0250 and $4.2200.
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