Serve yourself a coffee and have a look at Dr. Copper!Serve yourself a coffee and have a look at Dr. Copper’s chart this morning.
It’s hinting at something bigger…
About Copper Futures
Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.
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super volitile selloff brings us back to major =BUYers1->5 : solid uptrend ,
number 3 surpasses number 1 making number 2
a solid major low ,
number 5 surpasses number 3 , making number 4
a solid major low
5->6: a reutrn to the highly volitile solid major low
number 4
what do I think will happen ?
* this is just a theory, my opinion on what coul
Potential bearish flag pattern on Copper futuresPrice action on Copper Futures shows that buyers and sellers have been confined between two ascending lines since the beginning of August, taken from the low of US$4.3325 and a high of US$4.4800. While this offers a potential bearish flag pattern to work with, the base metal is seen rebounding from
Is the price of copper cheap or is something else occuring?Is the price of copper cheap or is the price of copper indicating coming weakness in the economic cycle?
a return to proven sellers presents a =SELL opportunity1->4 : represents a buildup of orders, a consolidation and determination
of where market players think the value of this asset belongs.
4->5: sellers decide the market is overpriced and begin to sell off
the copper futures, this flux of orders fills the market and due to supply
and demand the pric
AI, Copper, and the Energy SupercycleThe rise of Artificial Intelligence is more than just a tech story, it’s also a massive commodities story.
AI adoption requires massive infrastructure buildouts... high-performance data centers, advanced semiconductors, and power-intensive cloud networks. Each of these components relies heavily on
Copper Futures: Bearish bias intact below $4.50COMEX copper may have found a base, but whether the nascent recovery of recent weeks can continue faces a major hurdle at $4.50 resistance. With momentum indicators like RSI (14) and MACD still deeply negative, favouring a bearish bias, the contract remains a sell-on-rallies prospect until the price
Strength in Precious Metals ContinuesThere was a good mix in price action across many asset classes on the day today where the precious metals traded higher led by the Silver market, which traded up near 1.3% on the day. There was a mixed set of data being released today with manufacturing data and PMI, and the S&P and Nasdaq finished
Copper ShortCopper is now net short on the regression break.
The roll is +0.007% (Neutral).
I am not taking this trade.
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Copper Futures is 4.5905 USD / LBR — it has risen 1.13% in the past 24 hours. Watch Copper Futures price in more detail on the chart.
The volume of Copper Futures is 29.32 K. Track more important stats on the Copper Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Copper Futures this number is 107.04 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Copper Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Copper Futures. Today its technical rating is neutral, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Copper Futures technicals for a more comprehensive analysis.