Close
- All Market News
  All the dates you need for your trading diary.
- Indices News
  Your news hub for the S&P, FTSE, Nikkei, NASDAQ and so many more.
- Crypto News
  Tales from the Crypto world all in one place.
- Commodities News
  Insightful news across the Metals and Agriculture industries.
- Forex News
  Extensive coverage of the planet’s most liquid market.
- Energies News
  Oil & Gas traders will find this section invaluable.
- Stock News
  Read news on the movers and shakers in the Stock market.
- ETF News
  All the dates you need for your trading diary.
- All Daily Analysis
  Get a healthy mix of technical analysis and the movers and shakers.
- Daily Technical Analysis
  Learn how to read charts like the best in the business.
- Gainers and Losers
  Find out who’s up, and who’s down.
- All Learn to Trade
  Not sure where to start? Go here and let something catch your eye.
- Terminology
  An A-Z of the most common trading terms and phrases.
- Guides
  Get quick answers to the most frequently asked trading questions.
- Strategies
  Learn common trading strategies used by the best traders.
- Indicators
  We demystify charts and show you powerful charting tools.
- Courses
  We provide comprehensive trading courses on a variety of topics.
- Trading SignalsNEW
  Get Trading Signals from the FCA-regulated Signal Centre
- Dynamic Data
  Cut through the noise with market alerts tailored to your trading strategy.
- Research Terminal
  Deep coverage of the global markets with world-class insights.
- Economic Calendar
  Never miss a market update and time your trades like an expert.
- Corporate Calendar
  Dividend announcements, earnings releases, and a ton of other corporate info.
- Expert Advisor (EAs)
  Download your EA and unleash full power of LearnFX directly in your MetaTrader terminal.
Trading Signals

End of rally? After three days of gains, Copper is down 1.45 cents today

01 May 2023

HGUSD

Copper is down to $3.88 per pound, after ending Friday at $3.89. Overall, a 0.37% loss or 1.45 cents today.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, the Copper future's lower Bollinger Band® is at $3.81, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Notwithstanding Copper's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

In the meantime, negative performances are also seen in other Metals as Platinum retreats 0.94% to trade around $1,079.8. Palladium is trading around $1,494 (down $16). After ending Friday's session at $1,999, Gold lost $5.7 and is trading around $1,993.3.

Furthermore, United States JOLTs Job Openings (Mar) is expected tomorrow at 14:00 UTC. United States ISM Manufacturing PMI (Apr) scheduled to come out today at 14:00 UTC.

CME Copper is now trading 7.57% below its 3-month high of $4.57.

Market Summary

Latest Commodities News

View All

Bearish the CME Oats future currently $3 lower after trading as low as $330

Copper up 5.3 cents to $3.94 building up on its five days of gains

Bearish the Platinum future currently $10.4 lower after trading as high as $1,111.7

After 23 days of declines, Cocoa is up $27 today

The CME Silver future increases to $24.26 after a 9 day downtrend

Copyright @2022 Learn and Consult FZ-LLC. The company is incorporated according to the laws of Dubai and the United Arab Emirates.

The information contained on this website — including analysis, trading research, market opinion, news and instrument prices — is provided for information purposes only and should not be construed, under any circumstances, as investment advice. You agree that LearnFX is not responsible for any losses or damages you may incur as a result of any action you may take regarding the information contained on this website. The regulated signals offered by this website are provided by a third-party service provider and you understand that any losses you may experience from using these signals are entirely at your own risk and liability. By using this site, you implicitly agree that nothing contained on the site shall be construed as a solicitation to buy or sell any product or service in a jurisdiction where its purchase or sale would be contrary to local laws.

Risk warning: Trading in financial instruments carries a substantial risk to your investment and may not be suitable for you. LearnFX strongly recommends that you fully understand the risks involved with trading and whether you have the financial means to take the risks involved. Should you be unsure of your suitability for trading, you can contact a personal financial advisor in your local jurisdiction who will be able to help you assess your competency for trading and investment.

Signal Centre is a trading name of PIA First Limited which is authorised and regulated by the Financial Conduct Authority which can be checked here FRN 787261. Registered in England & Wales, company number 07428345. Registered Office: Kemp House, 152 City Road, London EC1V 2NX. VAT number 153 646014.