On the given date, Copper slightly declined to $4.02, a 0.01% drop. The pivot point is at $4.00, with immediate resistance levels at $4.05, $4.09, and $4.13, indicating potential for price increases. Support levels are set at $3.96, $3.91, and $3.87, which could limit downward movements.
The 50-day EMA at $4.03, closely above the current price, and the 200-day EMA at $3.95, suggest a narrow trading range. Copper’s trend appears bullish above the $4.00 pivot; however, falling below this critical level could lead to a sharp sell-off, emphasizing a cautiously optimistic outlook.
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