Copper Set to Close June with Decline

Copper prices remain under pressure due to expectations that the US Federal Reserve (Fed) will continue its tight monetary policy and a strengthening dollar. On the London Metal Exchange (LME), three-month copper futures fell to $13,300 per ton after a two-week downtrend. Over the course of June, copper prices lost more than 2%. This decline was driven by the negative impact of a strong dollar on commodity prices and concerns that the Fed will continue with interest rate hikes. Analysts note that uncertainties regarding global economic growth and weak demand in China continue to weigh on copper prices. In particular, the slowdown in China's manufacturing sector is negatively affecting copper demand. From a technical perspective, if copper prices fall below the $13,000 level, further declines could occur. However, supply-side constraints and demand growth driven by the green energy transition may provide support for prices. This is not investment advice.

📊 COPPER — Piyasa Yorumu

■ neutral · 60%

Although the copper price has risen 0.8% in the last 24 hours, the headline emphasizes expectations of a month-end decline. The RSI stands at 55.7, indicating a neutral zone, while the MACD is just below the signal line, suggesting weak momentum. The price is trading near the 20-day moving average (6.19), increasing short-term direction uncertainty. The news and technical indicators balance each other, failing to provide a clear directional signal.

RSI 14

55.7

MACD

0.02

24h Δ

0.80%

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