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Copper prices have recently shown stability, remaining below the $4.1500 barrier. However, the persistent negative momentum and sideways fluctuations are likely to increase downward pressure on the market. Analysts anticipate that the price may test the $4.0250 support level. Should this level be breached, it could lead to a more significant decline, with a potential target of $3.9200 initially and $3.7400 in the medium term.
The forecasted trading range for copper today is between $4.1200 and $3.9300.
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