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Copper prices have struggled to surpass the $4.2600 mark, encountering a solid barrier at this level. The onset of a negative trend is influenced by stochastic indicators showing downward momentum. Additionally, the $4.3300 level remains a significant resistance point. Given these factors, a bearish trend is anticipated, with potential declines towards $4.1400 and further support at $4.0250.
Today’s trading range is expected to fluctuate between $4.0500 and $4.2600.
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