Copper Nears Breakout–Fundamentals and Technicals Both Say “Buy"Copper, often called “the metal with a PhD in economics”, is sending a clear message: we’re entering a new bullish era.
As of mid-May 2025, Copper is trading above $4.85 per pound, approaching the psychological $5.00 level — a key threshold that could trigger further upside momentum.
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About CFDs on Copper
Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.
Bearish reversal off pullback resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 145% Fibonacci extension and could reverse from this level to our take profit.
Entry: 4.8773
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension.
Stop
Bearish drop?COPPER has rejected off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 4.6618
Why we like it:
There is a pullback resistance that lines up with the 23.6% Fibonacci retracement.
Stop lo
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Analyzing Copper Prices Using Fibonacci ExtensionCopper, often referred to as "Dr. Copper" due to its ability to forecast economic trends, remains one of the most critical commodities in the global market.
Traders and analysts often use technical tools to forecast price movements, and Fibonacci extensions are one such tool. After testing the fir
Copper Cup and Handle ready to explode to 10,677Copper is an interesting market because it tends to follow the major markets.
It doesn't have that safe haven status feel and every broker quotes Copper differently.
Whether you're trading on US or LSE, it is subjective to the broker.
Right, now it's priming itself for great upside which could
Copper Eyeing Key Reversal Point – Will It Break Above 4.68152 ?Copper is currently hovering near the 4.68152 🔼 resistance after rebounding from the 4.50280 🔽 support. Price is reacting to the 50-period SMA, which is slightly above current levels and may act as a dynamic resistance. The overall structure remains mixed with recent lower highs, but bulls have step
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Displays a symbol's price movements over previous years to identify recurring trends.