The bias could be towards the downside, as the bounce triggered by the support at $9,733 looks so weak that it suggests a continuation of the downtrend.
"Although some of the rises in commodity prices has been driven by speculators, there is also a genuine increase in demand as the global economy reopens," said Catril.
Investors have worried that the heating up of the U.S. economy could raise the outlook for inflation, prompting the Federal Reserve to tighten monetary policy.
China, the world's biggest copper user, said on Wednesday it would strengthen its management of commodity supply and demand to curb "unreasonable" increases in prices, and prevent them being passed on to consumers.