Copper Holds at $6.73, Eyes Breakout at Key Fibonacci Level

Copper has steadied around $6.73 per pound, aligning with the 61.8% Fibonacci retracement of its recent swing high. Market participants are watching this level closely for a potential breakout that could signal a new upward trend. The metal has traded within a narrow range, and traders are awaiting confirmation of a move above $6.73 before committing to larger positions. Live levels show the price hovering near this Fibonacci support, adding to the uncertainty about the next direction.