Copper price settles below the barrier– Forecast today – 30-6-2025
Copper price remains stable until this moment below the barrier of $5.1000, which forms a significant liquidity drain zone that forces it to provide sideways trading, despite the attempt of the main indicators to provide positive momentum.
All that supports the chances for activating the bearish correctional track in the near trading, targeting $4.9100 and $4.8500 level, while breaching the barrier and holding above it will reinforce the positive chances again, to open the way for reaching new positive stations that might begin at $5.1900 reaching $5.3200.
The expected trading range for today is between $4.9100 and $5.1000
Trend forecast: Bearish
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