Copper Futures: Kicking off HigherCopper futures are starting the new trading week with moderate gains. We primarily expect further increases up to just below our resistance line at $6.71 in the near term. After that, copper futures should see a clearer move to the downside, but remain above our support line at $5.25. The long-term
Compare with E-mini Copper Futures (May 2024)
HG (Copper) Continues to Favor More Upside Near TermCopper futures (HG #F) continue to trade within a bullish Elliott Wave structure, with price maintaining an incomplete three-swing sequence from the 6.2820 low. The current rally remains constructive, suggesting buyers are still in control. As long as Copper holds above the 6.2820 invalidation level
Will Copper Futures Dictate the Future of AI?Macroeconomic Signals and Market Drivers
Copper futures recently surged to fresh records, with the London Metal Exchange benchmark hitting an all-time high of $13,842 per metric ton. US COMEX pricing has pushed even higher in dollar-per-pound terms, reflecting the tariff-driven premium between the
Copper will outperform GoldThe Copper-to-Gold ratio chart (HG1! / GC1!). Instead of looking at Copper’s price in dollars, this chart answers one simple question: Who is winning right now: industrial growth (Copper) or pure global fear (Gold)?
For the last few years, Gold has been hogging the spotlight. Central banks hoarded
copper mcx updatecopper mcx--eyes on 1350 if sustain abvove than mkt up side possible 1365--1380--1400+++ all will dpend on breakout lvl dontmiss it.. than sl will be 1335.
where support find 1330 if stya blw will create again panic side 1318--1303+++ than sl will be 1342. over all eyes on 1350 sustain or not or r
COPPER Short
COPPER SELL LIMIT ORDER : 6.4110
Stop Loss: 6.5030
Remove risk/Partials @ : 6.2565
Take profit: 6.2125
Trade Plan: Short
Bias: BEARISH short term.
Entry reason: Price will most likely retest key TPO area.
Fundamentally: The short-term valuation tool also shows temporarily overvalued against
COPPER Short
COPPER SELL MARKET ORDER : 6.5520
Stop Loss: 6.7255
Remove risk/Partials @ : 6.3640
Take profit: 6.2720
Trade Plan: Short
Bias: BEARISH short term.
Entry reason: Price has tested key TPO area.
Fundamentally: The short-term valuation tool also shows temporarily overvalued against the competing
Copper — a six-week high, now pausing at the bundleCopper hit a six-week high this week on a mix of supply shocks — a storm disrupting Chilean mines (Codelco, Antofagasta), tightening Comex inventories on US tariff positioning, and a Chinese import premium at its highest since last May. The rally has been real, not speculative: production is genuine
Copper PennantCopper has a huge pennant formation, if it breaks upward we're gonna see it go parabolic like silver did.
I guess all these data centers are driving a shortage in metals, it should take gold and silver with it.
Bought a few CPER Aug calls for kicks and giggles, just to check it out. Besides the c
COPPER Long
COPPER BUY LIMIT ORDER : 6.2315
Stop Loss: 6.1505
Remove risk/Partials @ : 6.3030
Take profit: 6.3330
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price has tested key TPO area. The short-term valuation tool also shows temporarily undervalued against the index
Stop Loss: Below n
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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 nearest expiration date for E-mini Copper Futures (May 2024) is Apr 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Copper Futures (May 2024) before Apr 26, 2024.









