Copper Price Fluctuates Above Key Support – Forecast for October 16, 2025

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Copper price remains influenced by a sideways bias as it seeks positive momentum, causing it to fluctuate just below the $5.0600 level while testing and holding above extra support at $4.7500.

This sideways movement is expected to continue until sufficient bullish momentum builds, enabling copper to break above the current resistance and potentially rally towards key levels near $5.2000 and $5.3200.

The anticipated trading range for today is between $4.7500 and $5.2000.

Trend forecast: Bullish

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