Copper (HG1) Down $0.05 On 4 Hour Chart, 2 Day Up Streak Snapped; Evening Star Pattern Appearing on Chart

Copper Daily Price Recap

Copper entered today at $3.0125, down 1.49% ($0.05) from yesterday. On a relative basis, Copper was the worst performer out of all 5 of the assets in the metals asset class today. Below is a daily price chart of Copper.

HG1

Copper Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Copper’s price has gone up 17 them. As for those who trade off of candlesticks, we should note that we’re seeing evening star pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Copper:

  • From PhamolaPhiri:

    @mosukiri08 @Jebba11 For KCM they didn’t take the option it is always there, it is optional and they chose not to partake, someone might have advised coz it’s around the BCL and depressed copper price times

  • From aestheticxen1:

    @KingDingusKhan @Skelebone_Jonez @ryan__hodg That’s because they were at the mercy of copper price fluctuations during that time, and the price of Copper declined internationally lol.

  • From LondonAIMCap:

    @BazLogicUK @Michael65769312 @1 Copper price today [spot] = US$3.08 per lb
    Copper price today [per ton]=US$6,160