Copper Hovers Over $6.58 Support After Rejection Near Record Highs
Copper trades at $6.639 on the 5-hour chart and is testing a critical support region at $6.58 after a rejection from recent highs. Short-term technical signals have shifted bearish - including a bearish engulfing candle at $6.8665, weakening MACD and cooling RSI - but significant support from the SuperTrend, Ichimoku cloud and the 50 SMA at $6.53 r…