Copper Prices Surpass $13,650 on Stock Decline
Copper prices on the London Metal Exchange rose to $13,650.5 per metric ton, reaching a new level. The increase is attributed to the United States' tariff review and declining warehouse stocks. The drop in warehouse stocks is intensifying supply tightness in the commodity market, keeping investor demand for copper robust. Uncertainties surrounding US tariff policies are also supporting the upward movement in prices. Experts indicate that the decline in stock levels may continue to support copper prices in the short term, but global demand conditions should be closely monitored. Market participants will track signals regarding the supply-demand balance in the coming period. This is not investment advice.
📊 COPPER — Piyasa Yorumu
▲ up · 65%Copper prices have exceeded $13,650, driven by a decline in inventories that points to supply tightness and could push prices higher in the near term. However, technical indicators remain weak: the RSI is at 38 (near oversold territory), the MACD is below its signal line, and the price is trading below both the 20-day and 50-day moving averages. Therefore, while upside potential exists, the technical picture warrants caution. The positive impact of the news may be limited by these technical resistances.
RSI 14
38.0
MACD
-0.02
24h Δ
-0.33%
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