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
Oil - US Crude
Wall Street
More View more
Real Time News
  • The US Dollar will be bracing for a cascade of political risks including the first presidential debate, ongoing stimulus talks, the Supreme Court vacancy against the backdrop of key employment data. Get your #currencies update from @ZabelinDimitri here:
  • What is seasonal change in volatility. Are we going through one right now? Find out:
  • 🇰🇷 Business Confidence (SEP) Actual: 68 Previous: 66
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.68% 🇦🇺AUD: 0.63% 🇨🇭CHF: 0.49% 🇳🇿NZD: 0.11% 🇨🇦CAD: 0.11% 🇯🇵JPY: 0.07% View the performance of all markets via
  • Heads Up:🇰🇷 Business Confidence (SEP) due at 21:00 GMT (15min) Previous: 66
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 3.39% Gold: 1.07% Oil - US Crude: 0.01% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.82%, while traders in Germany 30 are at opposite extremes with 63.84%. See the summary chart below and full details and charts on DailyFX:
  • Poll: The $SPX and other US indices enjoyed a nice bounce this past session to ease fears of an imminent avalanche, but this could also be a 'relief' in anticipation of a bigger event: Tuesday's Presidential debate. Do you believe this debate matters to the markets?
  • After an explosive start to the summer, the silver price rally has come to a screeching halt as the seasons have changed to the fall. Get your $XAG market update from @CVecchioFX here:
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.02% Wall Street: 0.02% Germany 30: 0.02% US 500: 0.01% France 40: -0.11% View the performance of all markets via
Copper Price at Risk of Break to the Downside

Copper Price at Risk of Break to the Downside

2019-04-18 13:00:00
Martin Essex, MSTA, Analyst

Copper price, news and analysis:

  • The copper price is looking technically weak, challenging support from a trendline joining the higher lows in place since early 2019.
  • That could reflect concern that the global economy is still showing few signs yet of a sturdy recovery.

Copper challenges trendline support

The price of copper is in danger of breaking lower as it challenges support from a trendline in place since the start of this year. As the chart below shows, it is currently sitting on both that trendline and the 20-day moving average, with the 50-day moving average just below.

Those supports could prevent a downturn near-term, but if they are breached the copper price could fall swiftly to the lows around $6,300/tonne recorded between March 22 and March 25.

Copper Price Chart, Daily Timeframe (December 17, 2018 – April 18, 2019)

Latest copper price chart.

Chart by IG (You can click on it for a larger image)

The price of copper, which is used widely in manufacturing, tends to move with global economic sentiment, and that is on a knife-edge at present. Data from China earlier this week was seen as broadly positive but Thursday’s Purchasing Managers’ indexes from Europe and elsewhere suggested that any global recovery is patchy at best, potentially raising questions about future demand for the metal.

You can find out how to trade copper here

And here’s where to find out more about the metal

Further resources to help you trade the markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at or on Twitter @MartinSEssex

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