Copper trades at $4.22, down by 0.68%. The metal’s pivotal price is $4.22, with immediate resistance seen at $4.28, $4.35, and $4.40. Support levels are marked at $4.17, $4.10, and $4.05.
Technical indicators reveal the 50-day EMA at $4.12 and the 200-day EMA at $4.00, suggesting a bullish undertone above $4.22. A dip below this pivot could trigger a sharp sell-off.
With copper hovering around its pivot point, the market’s direction appears bullish, yet sensitive to shifts below the identified threshold, indicating a delicate balance in its trading sentiment.
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