NewsSignals AI analysis·Reuters·Nov 2, 2026

LME copper may retest support at $14,051

Grade Bbearish AI signal$HG

LME copper may retest critical support at $14,051 per metric ton, with a break below that level potentially opening the way toward $13,654-$13,804. Copper recently approached support again after a bounce, while resistance stands at $14,375 and a break below $14,051 would confirm a bearish wedge. Failure to hold support could intensify selling pressure and extend copper's downside toward the projected lower price range, while a resistance breakout could revive upside momentum.

Bullish strength: 25/100

A break above $14,375 may lead to a gain toward $14,527-$14,699.

Bearish strength: 75/100

Copper may retest support at $14,051.
A break below $14,051 could trigger a decline toward $13,654-$13,804.
The bearish wedge would be confirmed by a break below support.
The reported wave C structure may extend below its 100% projection level.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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