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 Daily Chart
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Copper - Overnight action

Overnight action on Copper. Base still being built with resistance at 2.711. Here's the chart for the red metal. 2.7 represents mid-long term resistance and a supply point...
Copper - Daily Chart
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Copper - Overnight action

Copper holding up overnight after breaking out of the channel seen here on the 1hr chart. In a longer time frame, on the daily chart, a solid looking base is being...
Copper - Weekly Chart
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Copper - a long term perspective

Copper on a long term basis for some perspective. I've seen a few articles out there with a bearish lean on copper. Using contrarian analysis and higher prices...
copper daily chart
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Copper finding support at the 50-day MA

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Copper is finding support on the 50 day moving average and the trendline. Could 2.700 be hit soon and then a breakout beyond..?
Copper Daily Chart
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Copper - a closer look

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Copper bouncing off the 50 MA on this daily chart. I'm expecting higher prices soon as the Trump effect kicks in. It seems like the Trump effect is underestimated still by many which...
Copper Daily Chart
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Copper - Daily Making a Base at Higher Levels

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Copper still making a base at higher levels. Here are the daily and weekly charts respectively for the red metal commodity...

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