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Copper price threatens the support level – Forecast today – 4-11-2026
Copper prices took advantage of recurring negative pressure to record a sharp decline yesterday, threatening the $6.2400 support level, which was our previously suggested target.
The continued emergence of negative momentum signals from the main indicators suggests waiting for a confirmed break below the current support level, which could pave the way for further losses toward $6.1200 and $5.9500. However, renewed stability above this support could give prices an opportunity to recover some losses, advancing toward $6.3900, where they would face the EMA55, followed by $6.4800.
The expected trading range for today is between $6.1200 and $6.3500
Trend forecast: Bearish
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