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Copper Futures (Jun 2027)

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HGM2027 trade ideas

Long Setup: Micro Copper Futures (Jul 2025)While U.S. equity markets are closed in observance of Juneteenth, traders in the futures markets still have opportunities to position ahead of broader market moves. One such opportunity is forming in Micro Copper Futures (MHGN2025), which continues to consolidate in a tight range near key technical levels. The current structure suggests a potential breakout to the upside with a favorable risk-reward setup. Technically, price action remains compressed between approximately 4.70 and 4.90, coiling just above the Ichimoku Cloud and holding support above the mid-April range. This zone has acted as a critical demand area multiple times since April, and the market has rejected any meaningful downside continuation, signaling underlying strength. A long position is being considered based on the following: Entry Zone: Around 4.81, above the flat Kijun-sen and within the current range high. Stop Level: Set at 4.7080, just below the support band and Ichimoku base, providing technical invalidation if broken. Target: 5.10, aligning with previous resistance and psychological round number. This would complete a 6.8% upside move from current levels. Risk/Reward Ratio: 2.64, indicating strong asymmetry favoring the long bias. The MACD histogram remains positive despite flattening out in recent sessions, while the signal line crossover earlier in June continues to support the bullish case. Although momentum has paused, it has not turned negative, which may point to a consolidation phase before the next leg. The broader copper narrative also lends support to this setup. With persistent demand from renewable infrastructure, data centers, and EVs, copper remains a fundamentally supported commodity despite near-term volatility driven by macro factors and central bank policy. Any fresh economic stimulus out of China or signs of rate stabilization globally could provide the catalyst for a bullish breakout in base metals. Traders should monitor volume and any breakout beyond the 4.89–4.90 zone, which could trigger further buying. A daily close above 4.90 on increased volume would confirm the breakout and improve the probability of reaching the 5.10 target. While today’s market holiday may reduce liquidity temporarily, it also offers a less crowded environment for early positioning. As always, risk management is paramount, and trade sizing should reflect the volatility and leverage of commodity futures. This setup remains active and will be reassessed if price fails to hold above the key support zone or if macroeconomic conditions materially shift in the near term.
COMEX_MINI:MHGN2025Long
by aaronkaltman
Copper Nears Annual HighCopper Nears Annual High, Driven by Trade Optimism and Falling Inventories By Ion Jauregui – ActivTrades Analyst The copper market is once again in the spotlight. The metal is currently trading at around USD 9,756 per tonne on COMEX futures at the London Metal Exchange (LME), approaching its annual high reached at the end of March, near USD 10,000. This rally is supported by a combination of macroeconomic drivers and market-specific factors. China–U.S. Dialogue Boosts Demand Outlook One of the key catalysts behind this upward move has been the recent diplomatic thaw between China and the United States, which has improved the global trade climate. Trade negotiations held in London have renewed optimism about global economic growth, which naturally strengthens the projected demand for industrial metals like copper—widely used in construction, energy, and technology sectors. LME Inventories at Lows Add Upward Pressure Adding to this context is a significant decline in inventories recorded at the LME. This drawdown reflects both an increase in physical consumption and speculative positioning amid potential new tariff policies that could follow the current trade truce. This relative scarcity in physical supply has become another driver of price gains. Technical Analysis of Copper (USD/lb) As of early trading hours, copper is quoted at approximately USD 476.5 per pound, according to ActivTrades data. The asset has shown strong upward momentum from July 2023 through May 2024, with a brief correction down to USD 399.70, a key technical support level for the ongoing rally that began in mid-April. The Point of Control (POC) for volume is located around USD 467, holding above an intermediate support level at USD 449.13, reinforcing the short-term bullish structure. As for resistance levels, USD 505.32 stands out as the main ceiling to overcome. Currently, the price is fluctuating within a technical range between USD 494.22 and USD 442.61, suggesting a consolidation phase ahead of a potential breakout. Conclusion Copper remains one of the most dynamic industrial metals in today’s macroeconomic landscape. Renewed trade optimism between the world’s two largest economies, combined with a sharp drop in LME inventories, has created a solid set of fundamentals justifying the approach toward annual highs. Technically, the bullish structure remains intact as long as key support levels hold, and a sustained close above USD 494/lb could pave the way for fresh short-term highs. In this context, copper not only reflects the pulse of global industry but also embodies the economic growth expectations in a time of geopolitical and energy transition. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
CLong
by ActivTrades
Chart Pattern Analysis Of Copper. There are 4 candles close upon the neckline of a potential bullish triangle pattern, It seems that another bull run will start here. I am expecting an accelerate motive wave to touch or break up the target line. On the other hand, If K4 couldn’t close upon K1 to verify the strong bullish momentum, It is also possible that a short-term consolidation will carry on from K1. If the following candles successfully resets the resistance, It is also a good place to buy it then. Long-875/Stop-870/Target-920 Long-881/Stop-870/Target-920
MCX:COPPER1!Long
by nothingchangehere
Price correction and re-increase in copper prices1.Growing Global Demand: Rising infrastructure projects and renewable energy initiatives (like EVs and energy storage systems) are boosting copper demand. 2.Supply Constraints: Declining reserves in major mines, production disruptions in key producers (e.g., Chile, Peru), and limited new investments are tightening supply. 3.Weaker USD: If the Fed cuts interest rates, a weaker US dollar (as copper is dollar-denominated) could push prices higher. 4.China’s Recovery: Economic stimulus in China (the world’s top copper consumer) is expected to drive stronger demand. 5.Inflation Hedge: Copper is seen as a hedge against inflation, attracting more investor inflows if global inflation persists. Strong demand, tight supply, and supportive macro trends could drive copper prices upward in the coming months. Sasha Charkhchian
COMEX:HG1!Long
by Sashacharkhchi
Copper to Pump soon, W formation and small cap rumblingsIf you look closely there's a beautiful W formation that has been tested numerous times and has passed. This is high time frame and inconsideration of goals massive run, market makers are going to be looking into smaller cap assets this time of year. Small cap accumulation will last about 2 years. The precious metals like copper which are akin to small caps are going to eat as well. Looks like it's going to double or triple in value notice the parallel Channel as well. Measured moves off the W show the targets.
COMEX:HG1!Long
by ScalpPapi
Candlestick Reversals vs. IndicatorsA simple question to think about. Do indicators make charts too confusing, have mixed success, and ultimately fall victim to whipsaw with an occasional big winner? Would it be better to use an indicator free daily chart and just observe the buyer and seller psychology that candlesticks offer? Candlestick patterns are powerful. Especially when you observe them around areas of price congestion, support or resistance. I would love to hear some opinions on these questions. For and against my thoughts.
COMEX:HG1!
by andrewtreilly
Morningstar Candlestick Pattern Forming at the monthly PivotThis 3 candle pattern is a good indicator that a bullish reversal is underway. Price was driven lower on day 1. On day 2 price was initially driven lower but buyers stepped in to take control. And they took control at the monthly pivot which adds even more significance to the move. Finally, on day 3 price moved up which means buyers are in control and bears are losing control. This is likely headline driven and economic outlook driven but the momentum shift at the monthly pivot is an important point to note.
COMEX:HG1!
by andrewtreilly
Elliott Wave: Copper (HG) Impulsive Rally Signals More UpsideCopper ( NYSE:HG ) has been displaying a strong bullish trend, with the rally from the July 11, 2022 low unfolding in a Elliott Wave diagonal. This rally is structured as a 5-swing pattern, which is characteristic of a motive wave. This suggests that the broader trend favors further upside. As of the latest price action, the metal has completed a significant corrective phase and is now positioned for additional gains. The recent pullback to the 4.03 low on April 7, 2025, marked the completion of wave ((4)). It is a corrective wave within the larger 5-wave diagonal structure. Following this low, copper has turned higher, initiating wave ((5)). This wave ((5)) is the final leg of the motive sequence. Within wave ((5)), the short-term rally from the wave ((4)) low at 4.03 appears to be unfolding in an impulsive manner, indicating strong upward momentum. Wave 1 ended at 4.465 and pullback in wave 2 ended at 4.038. The metal then rallied higher in wave 3 towards 4.748 and wave 4 dips ended at 4.564. Expect cycle from April 7, 2025 low to end soon with wave 5 of (1) and the metal to see a 3 waves pullback. However, as long as pullbacks remain above the 4.03 low, copper is expected to see more upside. The Elliott Wave framework continues to support a bullish bias for NYSE:HG in the near term.
COMEX:HG1!
by Elliottwave-Forecast
COPPER The 1D MA50 is the key.Last time we looked at Copper (HG1!) was on January 24 (see chart below) giving a buy signal that easily hit our 4.6550 Target: This time the market is in front of a critical moment. The 2025 pattern has been a Channel Up, which last Wednesday reached the top (Higher Highs trend-line) of the 1-year Channel Up. As long as the 2025 pattern holds, the recent pull-back is a buy opportunity targeting 5.3745. If the 1D MA50 (blue trend-line) breaks however, we expect a quick dive, rebound re-test and rejection, similar to July 05 2024. In that case, we will target the bottom of the 1-year Channel Up at 4.150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!
by TradingShot
Copper is red hot right now. Here’s whyCopper’s COMEX price hit a new high on 26th March making the red metal red hot right now. The first three months of 2025 have seen industrial metals make noticeable gains with the Bloomberg Industrial Metals Subindex up 10.55% year to date1. Copper’s gains, however, stand out for numerous reasons. Tariffs The additional premium of COMEX prices over the London Metal Exchange (LME) prices reflects aggressive buying by US traders importing copper in anticipation of a possible 25% tariff on copper imports. This speculation has been fuelled by President Trump last month ordering a probe into the threat to national security from the imports of copper. As aluminium imports were also recently subjected to tariffs, markets are speculating that copper might be next. This rush has triggered a shift in global flows, with metal moving out of LME warehouses and into US Comex facilities, where copper is held on a “duty paid” basis to avoid future levies. As traders front-run potential policy changes, this behaviour is tightening global supply and fuelling price gains, adding to a market already under pressure from rising demand and a looming supply squeeze. Demand China has given an additional boost to copper prices having announced a new action plan to boost domestic consumption by raising household incomes. The stimulus is seen as a positive signal for copper demand, especially as retail sales have already shown stronger-than-expected growth early in the year. China has also set itself a GDP growth target of 5% for 2025, and so far this year, its manufacturing Purchasing Managers' Index (PMI) has remained in expansionary territory — a sign that the economy is holding steady. With momentum building across consumption and manufacturing, copper is getting a fresh tailwind despite lingering weakness in the property sector. Further support for industrial metals, including copper, has come from Germany’s recently unveiled €1 trillion infrastructure and defence spending plan — a move that will inevitably drive greater demand for base metals. Supply Supply tightness in the copper market is being driven by several structural and emerging challenges. Exceptionally low processing fees—caused by an oversupply of smelting capacity, particularly in China—have placed financial strain on global smelters, prompting companies like Glencore to halt operations at its facility in the Philippines. Looking ahead, Indonesia’s proposal to shift from a flat 5% copper mining royalty to a progressive rate of 10–17% risks discouraging future production growth. These supply-side pressures come as the International Copper Study Group reported a slight global copper deficit in January 2025. While a similar shortfall at the start of 2024 eventually turned into a surplus, this time the combination of weakening smelting economics, policy headwinds, and solid demand could make the current deficit more persistent and impactful. Several major copper miners have recently downgraded their production estimates for 2025, adding further pressure to an already tight market. Glencore suspended output at its Altonorte smelter in Chile2, while Freeport-McMoRan delayed refined copper sales from its Manyar smelter in Indonesia due to a fire3. Anglo American expects lower output from its Chilean operations amid maintenance and water challenges, and First Quantum Minerals faces reduced grades and scheduled downtime4. These disruptions are likely to tighten global copper concentrate supply, potentially widening the market’s supply-demand imbalance just as demand continues to strengthen. Sources: 1 Source: Bloomberg, based on total return index as of 28 March 2025. 2 Reuters, March 26, 2025 3 Reuters, October 16, 2024 4 Metal.com. February 14, 2025 This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees, or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
COMEX:HGS1!
by aneekaguptaWTE
Copper's Grip: Stronger Than Oil's?Is the U.S. economy poised for a red metal revolution? The escalating demand for copper, fueled by the global transition to clean energy, the proliferation of electric vehicles, and the modernization of critical infrastructure, suggests a shifting economic landscape where copper's significance may soon eclipse oil. This vital metal, essential for everything from renewable power systems to advanced electronics, is becoming increasingly central to U.S. economic prosperity. Its unique properties and expanding applications in high-growth sectors position it as a linchpin for future development, potentially rendering it more crucial than traditional energy sources in the years to come. This sentiment is echoed by recent market activity, with copper prices hitting a new record high, reaching $5.3740 per lb. on the COMEX. This surge has widened the price gap between New York and London to approximately $1,700 a tonne, signaling strong U.S. demand. However, this burgeoning importance faces a looming threat: the potential imposition of U.S. tariffs on copper imports. Framed under the guise of national security concerns, these tariffs could trigger significant economic repercussions. By increasing the cost of imported copper, a vital component for numerous domestic industries, tariffs risk inflating production costs, raising consumer prices, and straining international trade relationships. The anticipation of these tariffs has already caused market volatility, with major traders at a Financial Times commodities summit in Switzerland predicting copper could reach $12,000 a tonne this year. Kostas Bintas from Mercuria noted the current "tightness" in the copper market due to substantial imports heading to the U.S. in anticipation of tariffs, which some analysts expect sooner than previously anticipated. Ultimately, the future trajectory of the U.S. economy will be heavily influenced by the availability and affordability of copper. Current market trends reveal surging prices driven by robust global demand and constrained supply, a situation that could be further exacerbated by trade barriers. Traders are also anticipating increased industrial demand as major economies like the U.S. and EU upgrade their electricity grids, further supporting the bullish outlook. Aline Carnizelo of Frontier Commodities is among the experts forecasting a $12,000 price target. However, Graeme Train from Trafigura cautioned that the global economy remains "a little fragile," highlighting potential risks to sustained high demand. As the world continues its march towards electrification and technological advancement, copper's role will only intensify. Whether the U.S. navigates this new era with policies that ensure a smooth and cost-effective supply of this essential metal or whether protectionist measures inadvertently hinder progress remains a critical question for the nation's economic future.
COMEX:HG1!Long
by UDIS_View