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.



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
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
Copper Prices Get a Boost From Lows

Copper Prices Get a Boost From Lows

Walker England, Forex Trading Instructor

Talking Points:

  • Copper Prices Rally After Retracing From Highs
  • Next Resistance is Found Near $2.5929
  • A Break Below $2.4210 Suggests a Downtrend Resumption

Copper prices are beginning to rebound, after dropping off from 2016 highs of $2.7333 per pound. Currently the metal is experiencing a 2 day rally which has pushed Copper as high as $2.5709, and back over daily resistance of $2.4930. While this week’s trading is expected to be quite, traders should continue to monitor points of support and resistance to determine if Coppers trend is again picking up momentum.

In the event that Copper prices continue to rally, traders should next look for the metal to test $2.5929. This area is considered a point of technical resistance, and is represented in the graph as the November 14th high. A rally through this point, would then open Copper up to testing psychological points of resistance such as $2.6000 and $2.6500 before challenging standing yearly highs.

Daily Copper with Support & Resistance

Copper Prices Get a Boost From Lows

(Created Using TradingView Charts)

In the event that the current rally fades, traders should watch for Copper to turn below today’s standing high. The first value of support that traders should watch for is $2.4432, followed by $2.4210. This last point represents the November 15ht low, and a move beyond this point would suggest that Copper prices are prepared to fall further.

In the event of a bearish reversal, traders should consider that Copper may yet fall back below $2.3007. This area remains a critical swing in the commodities ongoing multiyear downtrend. If Copper trades back below $2.3007, it would suggest that a longer term bearish trading pattern is in development.

--- Written by Walker, Analyst for

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

See Walker’s most recent articles at his Bio Page.

Contact and Follow Walker on Twitter @WEnglandFX.

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