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Copper price is activating with stochastic negativity– Forecast today – 29-7-2026
Copper price began activating with stochastic negativity, forming some bearish corrective waves, reaching $6.2180 level by forming extra barrier at $6.3600 level will increase the chances of resuming the corrective attempts, to expect reaching $6.1000 support, where breaking it will confirm its move to a new negative station that might push it to reach $5.9500 and $5.8200.
While recovering the bullish trend requires forming a strong bullish rally, which allows it to breach the main barrier at $6.5100 and holding above it.
The expected trading range for today is between $6.1000 and $6.300
Trend forecast: Bearish
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