Copper – Sell Limit Setup (Medium-Term Swing)

Published: 11/04/2025

Trade Summary

• Type: Sell Limit
  
• Entry: 9,655
  
• Target: 8,725
  
• Stop Loss: 10,020
  

Risk/Reward Ratio: ~2.5:1
Duration: Medium-Term Swing

📊 Technical View
Copper has staged a sharp rebound after the March 2025 decline. Price has now returned to the 61.8% Fibonacci retracement level, a common turning point. There is also an unfilled gap at 9,669.6, which may act as a magnet for price and attract renewed selling interest.

🧠 Fundamental Insight
Institutional interest has been steadily declining since January 2025, indicating smart money is pulling back. Meanwhile, retail traders have increased their exposure—a typical contrarian indicator pointing toward potential further downside.

📆 Seasonal Trend
From April 18 to June 27, copper prices have historically declined 64.8% of the time over the past 55 years, with an average drop of 3.60%.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.