Copper Futures (Jul 2025)
Long
Updated

Bullish Reversal Builds in Copper: Eyes on $5.20 Resistance

93
  • The current price has closed above the Bollinger Band middle line (20-day SMA), indicating short-term upward momentum.
  • A sustained close above 4.90–4.95 could open the way to challenge the psychological level of 5.00 and possibly 5.20.
  • Immediate resistance: 4.95 → 5.00 → 5.20
  • Support zones: 4.75 (middle band) → 4.60 (recent low) → 4.45 (lower band)
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