Copper Analysis

Copper, also known as the red metal, is used in a wide range of industries and is the third most widely traded metal in the world. From construction and building industries, the auto sector, and the military, copper is an essential commodity. At Trading Room we provide frequent copper analysis and chart patterns, and actively trade the commodity ourselves.

Here are the charts and our commentary for the red metal:

COPPER Commodity Weekly Chart
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COPPER - The red metal at potential support

At a potential support point after a 15-week pullback. Still basing but looking like it wants to challenge resistance in the 2.7 area...
COPPER - Weekly Chart
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COPPER - The red metal is still under long term resistance

The red metal is still under long term resistance but at a potential support point after a 10-week pullback.
Copper Daily Chart
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Copper - pulling back to its breakout point.

After breaking out of a 14 week base last week, Copper has now pulled back to its pivot point as illustrated in the daily chart below.Of note is the 200 week moving average on the...
Copper Chart Daily
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Copper breaks out of 13 week base

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Copper broke out of 13 week base on Friday signalling a continuation of its advance that began in early November.Historically Copper makes its...
Copper Daily Chart
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Copper - testing resistance of a 14 week base

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Copper is testing resistance of a 14 week base. Here's the daily…
Copper Daily Chart
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Copper - Update - Sun Feb 5 '17

A sell off on Copper on Friday. We posted a chart as that trendline support broke, giving us a sell signal. This was expected given the resistance on the weekly chart...
Copper 4 Hour Chart
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Copper breaking trendline support

Copper breaking trendline support here on the 4 hour chart. Here we see the red metal commodity breaking and closing below the upward slanting blue line...
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Copper - back to trendline support on the 4 hour chart

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Copper - is back to trendline support after some selling during the last for hours. The first chart is a 4 hour chart where we can clearly see Copper finding support and...
Copper Daily Chart
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Copper - Overnight update Tue Jan 31 '17

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Copper - Overnight update Tue Jan 31 '17. Copper - yesterday saw Copper sell off somewhat and then regain most of its action closing with a breakout from a the base...
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COPPER - Running into resistance under the 200 week moving average.

Running into resistance under the 200 week moving average and experiencing a predictable sell of today. On the daily the upward trending line has been...
Copper Daily Chart
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Copper - Update - Resistance at 2.7

Copper looking great and a case of letting your profits run now. A doji stick on the daily here at resistance as expect. Some rest expected and usually Copper...
Copper Daily Chart
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BREAKING: Copper hits 2.700

BREAKING: Copper hits 2.700! Looking great. I'm keeping my positions for the Trump effect to see how it does long term. Remember that December is historically...

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