Copper Weekly Special Report based on 1 Lot Calculation:
TECHNICAL ANALYSIS:
- SUPPORT AT $4.33: Copper prices tested the mark of $4.33 in early August of 2025, creating a near-term support. Ever since then, copper prices have primarily traded above the support of $4.33.
- UPTREND AND RECOVERY SINCE EARLY AUGUST 2025: Copper prices have since early August traded within an uptrend channel, as depicted by the daily chart below.
- COPPER PRICE HIT AN ALL-TIME HIGH OF $5.9552 (July 24, 2025): The copper price currently trades around $4.62, and if a full recovery occurs, then copper prices could see an upside of around 28.90%. Although price could decline, too.
GRAPH (Daily): June 2025 - September 2025
Please note that past performance does not guarantee future results
EVENTS:
- TUESDAY, SEPTEMBER 30 AT 2:30 GMT+1: CHINA MANUFACTURING PURCHASING MANAGERS INDEX (SEPTEMBER): A stronger-than-expected PMI would support higher copper prices, as expanding Chinese manufacturing signals healthier industrial demand.
- FRIDAY, OCTOBER 3 AT 13:30 GMT+1: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (SEPTEMBER). A weaker-than-expected payroll report and a rising unemployment rate would underscore a softening U.S. labor market, raising expectations for further Federal Reserve rate cuts. For copper, this could translate into stronger demand prospects and upward pressure on prices.
CITIGROUP RAISES COPPER PRICE TARGET; DEMAND TO SURGE WITH BOOMING AI INDUSTRY:
- BREAKING: CITIGROUP SEES COPPER AT $5.57 WITHIN A YEAR, DRIVEN BY AI EXPANSION. Citigroup reaffirmed its bullish stance on copper, setting a $5.57 per ounce target over the next 6–12 months, about 20% above current levels.
- COPPER USE IN AI INDUSTRY: Copper is essential in high-performance servers, advanced semiconductors, cooling systems, and the massive data centers that power AI models. Each large-scale data center requires tens of thousands of miles of copper wiring to ensure efficient power transmission and heat management.
- STRUCTURAL DEMAND DRIVERS: Citigroup highlighted copper’s unmatched conductivity as critical for AI growth. Beyond AI, the global energy transition—from EVs to renewable power grids—is also set to intensify copper consumption. With accelerating investment in AI infrastructure and supportive macro conditions, demand is expected to rise sharply, reinforcing the bullish case for higher prices (Source: Bloomberg).
COPPER SUPPLY TIGHTENS AS WORLD’S SECOND-LARGEST MINE REMAINS SHUT; DEMAND FROM CHINA RISES:
- BREAKING (TUESDAY, SEPTEMBER 23): CHINA’S COPPER IMPORTS CLIMB, INDONESIA MINE HALTED. China’s copper ore and concentrate imports rose to 2.76 million metric tons in August (+7.8% Month on Month; +7.5% Year on Year), with shipments from top supplier Chile surging nearly 30%. At the same time, supply concerns intensified after operations at Indonesia’s Grasberg mine—the world’s second-largest—were suspended following a fatal accident. The mix of stronger Chinese demand and tighter global supply reinforces the bullish outlook for copper prices (Source: Bloomberg).
COPPER, September 23, 2025.
Current Price: 4.62
|
COPPER |
Weekly |
|
Trend direction |
|
|
5.200 |
|
|
5.000 |
|
|
4.800 |
|
|
4.500 |
|
|
4.400 |
|
|
4.330 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
COPPER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
5,800 |
3,800 |
1,800 |
-1,200 |
-2,200 |
-2,900 |
|
Profit or loss in €² |
4,921 |
3,224 |
1,527 |
-1,018 |
-1,867 |
-2,461 |
|
Profit or loss in £² |
4,292 |
2,812 |
1,332 |
-888 |
-1,628 |
-2,146 |
|
Profit or loss in C$² |
8,018 |
5,253 |
2,488 |
-1,659 |
-3,041 |
-4,009 |
- 1.00 lot is equivalent of 10 000 units
- Calculations for exchange rate used as of 8:30 (GMT+1) 23/09/2025
There is a possibility to use Stop-Loss and Take-Profit
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop technique could protect the profit