Copper drop pauses
The copper price’s swift decline from its $4.8368 mid-February high, a level last traded in May 2024, has so far taken it to Tuesday’s $4.5430 low, close to the 11 February low at $4.5408. If slipped through, the key $4.4983-to-$4.3450 support area may be tested. It consists of the 10 October, November and January highs.
Minor resistance sits at the Friday’s $4.6368 low.