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Copper prices have entered a downward trend following a stochastic exit from overbought conditions, remaining below the $4.3200 resistance level. Currently, prices are drifting toward the $4.2000 mark and settling beneath the 55-day moving average.
Ongoing negative pressures bolster the bearish outlook, with traders anticipating a decline to the $4.1500 level, potentially leading to further support challenges at $4.0250.
The expected trading range for today is between $4.1500 and $4.2700.
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