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Copper price nears resistance– Forecast today – 28-10-2026
Copper price has responded to the positive signals from the main indicators, approaching the $6.6100 resistance level, which represents a key factor in confirming the expected direction of near- and medium-term trading. Repeated stability below this level may force the price to resume its negative attempts, targeting $6.4200 before attempting to test the support level at $6.2400.
On the other hand, breaking above the current resistance and holding above it for four hours would strengthen the chances of further gains, initially targeting $6.7300 before attempting to challenge the peak around $6.8200.
The expected trading range for today is between $6.4200 and $6.6100
Trend forecast: Bearish
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