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Copper: Eyes $6 as Market Pauses After Shooting Star Signals
Copper has fallen a little bit during the trading session here on Friday and what has been a fairly quiet day the Thursday session was a shooting star and that was preceded by a shooting star on Wednesday, so it makes a lot of sense that we see some hesitation. The $6 level above is a large, round psychologically significant figure and an area that I think a lot of people will be paying close attention to. It obviously causes a lot of headlines and of course, copper is very sensitive to inflation and growth. Right now, we are seeing a bit of that in the United States and other countries as well. So that should ... (full story)
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From traderslog.com | Jul 27, 2025
Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices surged sharply following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1. The initial spike saw copper prices soar to unprecedented levels, driven by fears of supply disruption and a ...
From dailyforex.com | Jul 28, 2025
The longer-term trend has been sideways, and I just don’t see how that changes anytime soon. With that being said, I think we’ve got a situation where traders are looking at this through the prism of a quiet summer range and may be a little bit of consolidation after what had been such a vicious run higher. All things being equal, this is a market that I ...
