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Copper prices continue to struggle within a bearish trend, with consolidation occurring around the $4.3200 mark, which acts as a significant barrier. Prices have been weakly trading sideways near $4.0800 due to conflicting signals from major indicators. This has delayed efforts to break below the $4.0250 support level.
To initiate a decline, additional negative momentum is necessary to push prices below $4.0250, with potential targets at $3.9300 and $3.7700.
Today’s anticipated trading range is between $3.9300 and $4.1500.
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