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Copper price moves away from the barrier– Forecast today – 5-6-2026
Copper price neediness to the positive momentum led it to form more correction waves, to move away from $6.6600, to keep providing weak sideways trading by its stability near $6.3500 level.
The sideways trading might continue with potential test to the initial support at $6.1000, which forms confirmation key for the suggested trend in the near period, breaking the support and holding below it will push the price to resume the corrective attempts, which might target $5.8200 reaching $5.5000.
The expected trading range for today is between $6.1000 and $6.5100
Trend forecast: Bearish
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