Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Good Spot for a Low in Copper

Good Spot for a Low in Copper

Jamie Saettele, CMT, Sr. Technical Strategist

COT considerations suggest that copper could turn up now. More importantly, the price chart indicates a favorable reward/risk propostion on the long side. To review, the 2002-2008 trendline was support in January. There is a shorter term trendline (blue line) being tested now. Pattern wise, the rally from January is impulsive (5 waves) and price action since the March high could end up as a bullish head and shoulders continuation pattern. Strength above 2.0995 would trigger a short term bottoming pattern that could launch a broader advance.

For additional insights, including analysis of intraday, daily, weekly and monthly charts, member only webinars, Twitter updates, and specific trade plans, then consider joining SB Trade Desk (click here for more).

Copper Weekly

Please add a description for the image.

Copper 4 Hour

Please add a description for the image.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.