Copper technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Copper prices have experienced significant volatility in recent trading sessions, largely driven by escalating tariff tensions between major economies.

Amid this backdrop, copper is navigating a wide trading range, with traders closely watching key technical levels. A resistance level at 4.88470 is emerging as a crucial barrier. Should bullish momentum gain traction—possibly fueled by easing geopolitical strains, a weaker U.S. dollar, or improved economic indicators—this resistance may be tested in the near term. A decisive break above this level could pave the way for further gains, potentially targeting the psychological threshold of 5.0000.



On the downside, sustained bearish sentiment—especially if tariff tensions intensify or global economic data disappoints—could exert downward pressure on copper. In such a scenario, a break below the 4.6200 support level could signal further weakness, opening the door for a deeper correction.
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