The Copper future flat Thursday, closed at $4 while in the midst of a bearish run

While on a 6 day downtrend With a marginal improvement upon Thursday's session, CME Copper slid down from $4 to $4 per pound, taking a 0 cents loss (0.11%)

Copper made an initial breakout above its 3 day Simple Moving Average at $4.04, a potential indicator of a newly emerging bullish phase. Copper's upper Bollinger Band® is at $4.14 and the lower is $3.95. The Copper future bounced after reaching the $3.98 support zone, climbing 3 cents above it.

Despite muted price action in the Copper future, chart analysis indicates it is positioned for a bullish run in the short term.

The commodity has been trending lower for about a month. The past 6 months have been positive for Copper as it appreciated 17.57%, having traded as low as $3.21.