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Copper price leans lower – Forecast today – 3-11-2026
Copper prices continued to face repeated negative pressure around the 55-period moving average, with the price currently attempting to stabilize near $6.3750, signaling its readiness to resume the previously suggested corrective bearish move. We note that the bearish scenario will remain valid as long as the resistance barrier at $6.6100 holds, alongside the continued negative momentum from the Stochastic indicator.
This supports maintaining our bearish outlook, targeting $6.3200 in the near term. If negative momentum persists, the price could extend its decline toward the support level at $6.2400, which in turn represents a key level for confirming the broader direction of upcoming trading.
The expected trading range for today is between $6.2400 and $6.5100
Trend forecast: Bearish
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Ethereum (ETHUSD) Faces Continued Negative Pressure – Analysis –03-11-2026
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