Copper The Week Ahead 17th Feb 25The COPPER price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone. .
The key trading level is at the 9260 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 9260 level could target the upside resistance at 9445 (200-day moving average) followed by the 9650 and 9950 levels over the longer timeframe.
Alternatively, a confirmed loss of the 9260support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 9130 (50 Day Moving Average) support level followed by 9060.
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XCUUSD trade ideas
Copper (XCU) Bullish Pullback: Buy the Dip!Copper (XCU) remains bullish, with a retracement offering a buy opportunity at the 0.5 or 0.618 Fibonacci levels—if no divergence forms. Watch for bullish confirmation signals and set stop-losses below 0.618 or recent lows. If divergence appears, exit or avoid new positions. Upside targets: previous highs and Fibonacci extensions (1.272 or 1.618).
Copper Surpasses $4.7/lbCopper prices have resumed an upward trajectory, surpassing the $4.7 per pound mark on Thursday, a level unseen since mid-2024. This growth stems from multiple factors, primarily rising uncertainty over whether the Trump administration could expand existing tariffs on steel and aluminum to other raw materials and metals, including copper. So far, copper has avoided new tariffs, but the risk of a changing scenario has impacted market expectations.
At the same time, “Dr. Copper” has previously benefited from a rebound in U.S. manufacturing activity, supported by the latest ISM Manufacturing PMI report, which posted its first month of expansion in 26 months. The indicator rose to 50.9 in January 2025, signaling a significant improvement in industrial demand, including new orders and production. Additionally, hopes for increased economic stimulus in China, the world's largest copper consumer, have also fueled a positive outlook for demand for this industrial metal.
However, market participants remain alert to potential repercussions from the U.S. administration, which has already announced the implementation of tariffs on steel and aluminum imports without country-specific exclusions. Moreover, any trade escalation resulting from these measures could create international tensions with key producers and disrupt supply chains, global economic growth, and, consequently, industrial metal demand.
Looking ahead, copper will remain closely tied to the evolution of U.S. trade policies and the strength of global manufacturing recovery. In the foreign exchange market, copper’s appreciation, as Chile’s primary commodity, has helped strengthen the Chilean peso, allowing it to reclaim the 950 pesos per dollar mark. Under these circumstances, copper’s potential is supported partly by demand and stimulus expectations but also faces the challenge of potential tariff pressures that could disrupt its dynamics in the coming months.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Copper Pulls BackAfter a period of gains, copper prices are experiencing a bearish session on Tuesday, marking their first decline after six consecutive positive trading days.
In recent weeks, copper, often referred to as "Dr. Copper" for its predictive ability regarding global economic health, has demonstrated a remarkable bullish trend, reaching its highest level in 8 months. The industrial metal has previously responded positively to a series of strong U.S. economic indicators. Among them, the manufacturing PMI report stood out, recording expansion for the first time in over two years, signaling a potential revival of the U.S. industrial sector. Additionally, the NFP employment report, which revealed a drop in the unemployment rate, further supported optimism regarding the state of the U.S. economy.
More recently, a factor that boosted copper prices was the U.S. government’s decision to exclude the industrial metal from new tariffs imposed on steel and aluminum. As a result, copper prices reacted positively, securing one last positive session before today’s pullback.
Today’s session has witnessed a reversal of this trend. Copper prices (XCUUSD) have declined by nearly 3%, fully erasing the gains accumulated at the beginning of the week. This correction can be attributed to profit-taking following the recent rally and renewed caution in the markets amid persistent global trade tensions.
The future trajectory of copper prices will remain closely tied to international trade policies, particularly the U.S.-China trade dynamic, as China is the world’s largest copper consumer. Although the tariffs imposed so far have been relatively modest, a further escalation in the trade war could negatively impact China’s economic growth and, consequently, global copper demand.
It is important to highlight the correlation between copper prices and the Chilean peso. The recent surge in copper prices to multi-month highs has been a key factor in the Chilean peso’s recovery, which has strengthened by more than 5% against the U.S. dollar in recent weeks. This dynamic underscores copper’s significance for commodity-exporting economies and its sensitivity to fluctuations in the global commodities market.
In summary, while the recent decline calls for caution, it should be interpreted as a fluctuation within a volatile market rather than a structural shift. The economic environment, driven by U.S. industrial recovery and Chinese stimulus measures, is likely to continue supporting copper prices. However, the resolution of global trade tensions will remain the key factor in determining the metal’s future direction.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Copper, we had a great move up, time to reach higher highsHi guys we would be looking into copper today , again focusing on the fundamentals which give us the remark that President Donald Trump will impose international tarriffss on the imports of precious metals!
President Donald Trump's threat to impose tariffs on U.S. copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and industry participants said on Tuesday.
In a speech on Monday, Trump said he would impose tariffs on aluminium and copper - metals needed to produce U.S. military hardware - as well as steel, to entice producers to make them in the United States.
Trump made fresh remarks about imposing tariffs on Monday
Said he would impose import tariffs on aluminium and copper
Also plans tariffs on computer chips, pharmaceuticals, steel
US copper futures widen premium over London prices
US aluminium buyers face higher costs due to import dependence
The rising copper price reflects strong global demand, driven by economic growth, infrastructure development, and the increasing shift toward renewable energy and electric vehicles. Supply constraints and growing industrial use further support this upward trend. This is a positive sign for mining companies, investors, and economies reliant on copper production, as it boosts revenues and encourages further investment in the sector. Additionally, higher copper prices indicate a healthy industrial landscape, reinforcing its vital role in modern technology and sustainability efforts.
Entry: 4.28
Target: 4.57
SL area based on your risk management,it can be on the strong support area at 4.08
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Bullish bounce?COPPER is falling towards the support level which is a pullback support that is slightly above the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 4.1860
Why we like it:
There is a pullback support level which is slightly above the 78.6% Fibonacci projection.
Stop loss: 4.1137
Why we like it:
There is an overlap support level which is slightly above the 71% Fibonacci retracement.
Take profit: 4.2958
Why we like it:
There is a pullback resistance level.
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Copper - Markets are waiting for new moves to start?!Copper is above EMA200 and EMA50 on the 4-hour timeframe and is moving in its descending channel. An upward correction of copper will provide us with a good risk-reward selling position. If the downtrend continues, we can buy copper in the next demand zone.
The Monthly Metals Index (MMI) for copper remained largely range-bound, experiencing a slight decline of 0.65% from December to January. Meanwhile, copper prices continue to react to the new U.S. administration and potential shifts in trade policies.
Ahead of President Trump’s inauguration, copper prices on the Comex exchange began breaking out of their previous range. By mid-January, copper prices had reached their highest levels since early November. This movement was likely driven by traders anticipating the impact of potential tariffs, some of which could affect the copper market. In contrast, prices on the London Metal Exchange (LME) saw only modest gains, creating a temporary price divergence between the two exchanges.
Typically, Comex and LME copper prices move in tandem, making any significant deviations between them noteworthy. Since 2019, the two markets have shown a correlation of 99.76%, with Comex prices averaging a $19 per ton premium over LME prices. However, by January 14, this premium had widened to $402 per ton. It remains uncertain whether this premium will persist in the coming years or revert to historical levels, as seen in previous instances.
Historically, such price divergences have been temporary. One notable example was a short squeeze on Comex in late May, which marked the end of the Q2 2024 rally in base metals. During this period, the price gap between LME and Comex surged to $688 per ton, with Comex copper prices reaching a record high of $11,257 per ton.
However, this spread quickly narrowed due to shifts in trade flows toward the U.S. market. Although Comex copper contracts attract similar market participation as LME, lower inventory levels make them less liquid. Consequently, when stockpiles decrease, Comex prices become particularly susceptible to sudden surges.
Another factor contributing to price divergence was the October port strike, which led to a significant increase in Comex prices. Before the three-day strike began, Comex copper prices had already risen sharply, pushing the spread to $292 per ton until mediators brokered a resolution.
Market volatility remains a key risk for copper prices as traders await more details on which products and countries will be affected by new trade barriers. This uncertainty could either drive further price increases or trigger sharp declines if reality fails to align with market expectations.
Some of the tariffs proposed by President Trump are likely to serve as negotiation tactics, meaning they may not be fully implemented or could be abandoned if alternative trade agreements are reached. Meanwhile, reports suggest that the Trump administration is considering a phased approach to tariff implementation, which may help mitigate market reactions.
A closer look at Trump’s latest stance on China indicates a willingness to de-escalate tensions and increase engagement. However, his previous trade policies were highly aggressive, often involving heavy tariffs on Chinese imports.
Copper - Copper will shows its strong trend next week. Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Potential bullish rise?COPPER has reacted off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 4.2584
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 4.1845
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 4.4151
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Copper Short: Targeting Key Support at $4.17Copper is showing signs of exhaustion after recent bullish momentum, prompting a short setup on the 15-minute timeframe. Price action aligns with a potential retracement toward the $4.17 zone, where a critical support level resides.
Why This Trade?
• The overextended rally suggests a short-term pullback.
• Technical indicators point to weakening momentum, making the $4.17 price zone an attractive target.
Plan:
Manage risk effectively, take partials along the way, and let the trade play out toward support. Always remember: stay disciplined and pay yourself along the way.
Copper - Markets are waiting for Trump's new decisions!Copper is above EMA200 and EMA50 in the 4-hour timeframe and has left its descending channel. The downward correction of copper will provide us with the opportunity to buy it with the appropriate risk reward. If the upward trend continues, you can sell copper in the next supply zone.
In recent days, the value of the U.S. dollar has risen, and Treasury yields have also increased. These developments are primarily driven by expectations that the Federal Reserve will proceed cautiously with interest rate cuts this year.
President Trump’s promises to raise tariffs, reduce corporate taxes, and deregulate industries have sparked concerns about rising inflation, which was already persistent even before these policies were implemented. Meanwhile, the U.S. economy appears robust, with strong labor market performance in November and December, indicating that the Federal Reserve may not feel pressured to accelerate interest rate cuts.
According to projections, investors anticipate that interest rates will decrease by approximately 0.4% by December 2025. This expectation persists despite reports suggesting the new U.S. administration will implement tariff hikes gradually and December inflation data came in lower than expected.
The U.S. Tax Foundation estimates that if the U.S. imposes a 60% tariff on imports from China and a 20% tariff on imports from other countries, the average tariff rate would climb to 17.7%. This would represent the highest level recorded since the 1930s. Trump has pledged to impose steep tariffs on goods imported from various nations; however, economists have warned about the potential consequences of such policies.
In a recent Reuters survey, all participating economists predicted that the Federal Reserve would maintain interest rates within the range of 4.25%-4.50% during its January 29 meeting. Additionally, 61 out of 103 economists expect the rate to decrease to 4.00%-4.25% by March.
The survey results also reveal that 65 out of 102 economists believe the Federal Reserve will reduce interest rates no more than twice this year (compared to 41 out of 97 in the December survey who held this view). Moreover, 40 out of 49 economists surveyed by Reuters forecast that U.S. inflation in 2025 will likely exceed expectations.
Scott Bassant, the nominee for Treasury Secretary in President-elect Trump’s administration, described China’s economy as being in recession. Taking a more pessimistic tone, Bassant labeled China as one of the most unbalanced economies in the world, highlighting the country’s prioritization of military strength and efforts to maintain growth by exporting cheap goods to the rest of the world.
XCU/USD "The Copper vs US Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XCU/USD "The Copper vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade after the market pullback,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 9500.00 (or) Escape Before the Target
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Fundamental Outlook 📰🗞️
The XCU/USD (Copper) is expected to move in a bullish direction.
REASONS FOR BULLISH TREND:
Increasing Demand: The demand for copper is expected to increase due to the growing demand for electric vehicles, renewable energy systems, and other industrial applications.
Supply Constraints: The supply of copper is expected to be constrained due to production disruptions, mine closures, and declining ore grades.
China's Economic Growth: China's economic growth is expected to continue, which will drive up the demand for copper and other industrial metals.
Infrastructure Spending: The US and other countries are expected to increase their infrastructure spending, which will drive up the demand for copper and other construction materials.
Low Inventory Levels: The inventory levels of copper are currently low, which will lead to an increase in prices as demand increases.
Strong Export Demand: The export demand for copper is expected to remain strong, driven by demand from countries such as China, India, and South Korea.
Production Costs: The production costs for copper are expected to increase due to higher costs for inputs such as energy, labor, and equipment.
Government Policies: The government policies in countries such as Chile and Peru are expected to support the copper mining industry, which will lead to an increase in production and higher prices.
UPCOMING FUNDAMENTAL ANALYSIS:
US GDP Growth: The upcoming US GDP growth report is expected to show a strong economy, which could support copper demand and prices.
China's Economic Data: China's economic data, including GDP growth and industrial production, is expected to show a recovery, which could support copper demand and prices.
Copper Inventories: The upcoming copper inventory report is expected to show a decline in inventories, which could support copper prices.
Mining Production: The upcoming mining production report is expected to show a decline in production, which could support copper prices.
MARKET SENTIMENT:
Bullish Sentiment: 60%
Bearish Sentiment: 30%
Neutral Sentiment: 10%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Bullish momentum to extend?COPPER is falling towards the support level which is an overlap that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 4.2584
Why we lik eit:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 4.1845
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 4.4151
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
COPPERA bullish dragon is forming on Copper on the weekly chart with the bottoms both confirming the prior 2006 ATH as support.
Commodities as a sector look like they might be reaching macro bottoms as Trump signals for a weaker US dollar which has historically lead to a rise in global commodity prices.
Enjoy : )