Copper price increased to $4.12195, showing a gain of 0.40%. The market’s pivot point is at $4.09, with immediate resistance levels at $4.13, $4.17, and $4.20. If Copper surpasses these thresholds, further ascents may be anticipated.
Support levels are identified at $4.05, $4.00, and $3.96, which could halt declines. The 50-day EMA at $4.06 and the 200-day EMA at $3.97 indicate a bullish trend.
Copper remains in a bullish phase above $4.09, yet falling below this could trigger significant selling, highlighting a volatile yet optimistic market outlook.
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