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
Copper Price (HG) Technical Outlook: Watch Support, Pattern Forming

Copper Price (HG) Technical Outlook: Watch Support, Pattern Forming

Paul Robinson, Strategist
USD Forecast
USD Forecast
Recommended by Paul Robinson
Check out the Q3USD Forecast
Get My Guide

Copper Futures Technical Highlights:

  • Copper futures (HG) heading towards big support
  • Head-and-shoulders pattern potential growing

Copper futures heading towards a significant level of confluent support around the 4.24/21 area. This area is marked by a trend-line from March 2020 and the neckline of a head-and-shoulders pattern that is under development. The pattern hasn’t been validated so we will need to reserve a bearish bias until the neckline is broken. Would-be longs may take interest at support.

For the full details, check out the video above.

Copper Futures (HG) Daily Chart

copper futures daily chart

Copper Futures (HG) Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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