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HomeLatestCopper Price Under Negative Pressure – Forecast for July 10, 2024
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Copper Price Under Negative Pressure – Forecast for July 10, 2024

The price of copper bounced bearishly after testing $4.7000 in previous sessions, indicating it is now under negative pressure on an intraday basis. This suggests a bearish bias with a target primarily set to visit $4.3380.

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Stochastic indicators are providing negative signals, further supporting the anticipated decline. This bearish outlook will remain valid unless the price rallies to breach $4.7000 and holds above this level.

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Today’s expected trading range is between $4.4000 and $4.6500.

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Trend forecast: Bearish

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