Is Copper Going Back to $1.50?

FX:COPPER   CFDs on Copper
11 0 0
Copper             has been in a huge downtrend, and this week -- a holiday week in the US marked by lower trading volume -- saw an even bigger move down. The daily chart here illustrates. The big move down on this past Friday is vital, as it set the market decidedly below support at 2.90.

So where is the next support level? If we zoom out to the monthly chart, we see a clear support level at around $2.51. In the financial crisis of 2008-2009, though, price went all the way down to $1.40. If we get another crash like that -- a viewpoint that has gained discussion based on the fall in price that many commodities have been seeing and the slowdown in economic growth that nations are reporting -- could we go back there or lower?

Learn more and see the full discussion:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out