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Copper prices are currently stabilizing above the critical support level of $4.3400, which has helped reduce negative pressures on the market. As a result, prices are experiencing sideways fluctuations near $4.4050.
Analysts anticipate continued sideways trading in the near term. However, the overall negative outlook remains in place as long as $4.5400 acts as a resistance level. A breach of the current support could pave the way for further declines, with potential targets at $4.2700 and $4.2100.
For today, the expected trading range for copper prices is between $4.2700 and $4.4500.
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