#COPPER #MCX View as on 31st JulyMCX:COPPER1! Copper MCX if it doesnot make one more swing higher then the rally should correct all the way. Alternate is it could be doing a triangle and then make new high.
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Copper: Trump Signs Tariffs on Imports Amid National Security...President Donald Trump signed a proclamation on Wednesday that imposes tariffs on copper imports, citing concerns over national security.
The White House announced that the new policy will introduce a 50% tariff on semi-finished copper products and other copper-derived goods that are highly depende
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 testing support!Following the surprise announcement that the US administration is exempting tariffs on refined metals, the price of copper has tanked and connected with a 6M support from US$4.3805. Notably, directly above, we have a 1Y resistance level from US$4.4590 and a 3M resistance level at US$4.5515, while a
Copper ShortCopper is now net short on the regression break.
The roll is +0.007% (Neutral).
I am not taking this trade.
Chart Pattern Analysis Of Copper
K2 and K3 is a strong bullish up engulfing pattent.
K4 started with a bull gap to verify it.
It seems that K5 or K6 will break up the resistance to test the target line in the near future.
If I didn’t buy it earlier,I will try to buy it here.
I still hold the idea that the expensive metals such a
Copper looking good an upmoveKey Observations
Channel Pattern & Elliott Wave Count:
Price action is moving within a well-defined upward-sloping channel (yellow lines).
An Elliott Wave structure is marked (① to ⑤). The price just completed wave ④, suggesting the next move may attempt to form wave ⑤ towards the upper channel b
COPPER Top of 4-year Rising Wedge. Sell.Copper (HG1!) eventually followed the bearish break-out signal we gave on our last analysis (April 03, see chart below) and within 2 days it hit our 4.1250 Target:
Right now the price sits at the top of the 4-year Rising Wedge pattern and on the 1W time-frame it is a textbook technical sell sig
Tariffs Ignite a Copper FrenzyCOMEX copper has surged to a record premium over London Metal Exchange (LME) copper over the past few weeks, reflecting a lucrative arbitrage as traders rush metal into the U.S. ahead of looming import tariffs.
President Donald Trump’s announcement of a 50% tariff on U.S. copper imports (effective
Bullish Reversal Builds in Copper: Eyes on $5.20 Resistance
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: 4.7
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Frequently Asked Questions
The current price of Copper Financial Futures (Jul 2030) is 5.4480 USD — it has fallen −0.81% in the past 24 hours. Watch Copper Financial Futures (Jul 2030) price in more detail on the chart.
Track more important stats on the Copper Financial Futures (Jul 2030) chart.
The nearest expiration date for Copper Financial Futures (Jul 2030) is Jul 31, 2030.
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 Copper Financial Futures (Jul 2030) before Jul 31, 2030.