Copper Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bullish
- Price above the 20-day average
- Daily MACD above its signal line
- 5-day up 0.9%
- Daily RSI 54, neutral momentum
- Daily view is bullish
- Price above the 50-day average
- 20-day average below the 50-day
- Daily MACD below zero
- 20-day change +0.5%, little net move
- Price above the 40-week average
- 10-week average above the 40-week
- 6-month up 12.1%
- Weekly RSI 59, positive momentum
- Weekly MACD below its signal line
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
Copper: Bullish above the pivot
Our preference
Above 6.5672, look for a move towards 6.6897.
Alternative scenario
Below 6.5672, expect 6.5104 and 6.4765.
Comment
As long as price holds above the pivot, the upside structure remains intact. RSI is at 62 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 6.7576 |
| Resistance 2 | 6.7237 |
| Resistance 1 | 6.6897 |
| Price | 6.6308 |
| Pivot | 6.5672 |
| Support 2 | 6.5104 |
| Support 3 | 6.4765 |
Copper: Target level as a potential turning point
Our preference
Above 6.2128, look for a move towards 6.8090.
Alternative scenario
Below 6.2128, expect 5.9719 and 5.8285.
Comment
Price is approaching our first target at 6.8090, which may trigger a pullback; a clear break above it would open the way to 6.9549. RSI is at 54 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 7.1009 |
| Resistance 2 | 6.9549 |
| Resistance 1 | 6.8090 |
| Price | 6.6308 |
| Pivot | 6.2128 |
| Support 2 | 5.9719 |
| Support 3 | 5.8285 |
AI market story
Updated 2026-10-28 12:48 UTC+8Copper holds above short-term averages with bullish bias
Copper trades at 6.6131, up 1.66% in a day, 0.87% in five days and 0.52% in twenty days, back above the 20-day average of 6.5582 and the 50-day of 6.5750. Daily RSI rose from 50 to 53, MACD sits above its signal line, though the histogram has narrowed for three sessions.
Price journey: up or down lately?
It has been rising. The metal gained 1.66% in a day, 0.87% in five days and 0.52% in twenty days, and now trades at 6.6131 above the 20-day average of 6.5582 and the 50-day of 6.5750.
Trend: which way is the bigger picture pointing?
The bigger picture leans higher. The daily view is bullish with a pivot at 6.2128, and the technical read is short-term bullish, medium-term neutral and long-term bullish, so the middle term is still consolidating.
Momentum: gaining or losing strength?
Momentum is positive but fading. RSI improved from 50 to 53 and MACD holds above its signal line, yet the histogram has shrunk for three straight days, so the push is no longer expanding.
Key levels: which prices matter next?
Watch the intraday pivot at 6.5672 first, with upside targets at 6.6897 and 6.7237 and the upper Bollinger band at 6.7091. Below, 6.5104 is the first stop, then the daily pivot at 6.2128.
FOMC and PCE back-to-back may widen copper swings
The key event is the FOMC decision at 02:00 on 10-29, with the upper bound expected at 4 and the lower at 3.75. In the past 19 releases copper averaged 0.14 dollars over the next four hours, peaked at 1.33 and rose only 37% of the time, about 4.7 times normal. Core PCE and Q3 GDP follow at 20:30.
What is coming up on the calendar?
In order: the FOMC upper and lower rate decisions at 02:00 on 10-29, expected at 4 and 3.75; the Alphabet call at 04:30 and the Microsoft call at 05:00; then September core PCE and the first Q3 GDP estimate at 20:30.
How much do these events usually move the price?
FOMC matters most. Across 19 releases copper averaged 0.14 dollars in the following four hours, peaked at 1.33 and ran about 4.7 times normal. Core PCE averaged 0.08 dollars, peaking at 0.13 and about 1.0 times normal; GDP averaged 0.09 dollars, peaking at 0.18 and about 1.1 times normal.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
Copper is below its daily short trailing stop. Short positions can reference 6.6657 (0.52% away); it only moves down. A daily close above 6.6657 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is above the 20- and 50-day moving averages, a constructive medium-term structure.
- Daily RSI is 54, neutral momentum.
- Daily MACD is above its signal line; daily momentum is up.
- Price is inside the daily Bollinger Bands (6.4066 to 6.7115).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing IndexAfter 27 past releases, Copper moved $0.05 on average in 4 hours · max $0.12 | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence IndexAfter 28 past releases, Copper moved $0.05 on average in 4 hours · max $0.12 | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) HighAfter 19 past releases, Copper moved $0.14 on average in 4 hours (4.7× normal) · max $1.33 | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) HighAfter 19 past releases, Copper moved $0.14 on average in 4 hours (4.7× normal) · max $1.33 | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-29 05:00 | United States Microsoft Q3 Earnings Call High | — |
| 10-29 20:30 | United States Sep Core PCE Price Index MoM HighAfter 27 past releases, Copper moved $0.08 on average in 4 hours · max $0.13 | 0.3 |
| 10-29 20:30 | United States 3Q Real GDP Annualized QoQ Prelim HighAfter 27 past releases, Copper moved $0.09 on average in 4 hours · max $0.18 | 3 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for Copper
None of the financial news we collected in the last 7 days mentioned Copper directly.
Trade signals for Copper
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for Copper.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
| Signal time | Bias | Entry | Status | R |
|---|---|---|---|---|
| Oct 27, 2026 20:00 | Bullish | 6.4871 | Limit order pending | — |
Chart patterns in play for Copper
No active 15-minute to 4-hour patterns for Copper right now.
FAQ
Where are Copper support and resistance levels today?
Intraday resistance: 6.6897, 6.7237, 6.7576. Support: 6.5672, 6.5104, 6.4765. Pivot: 6.5672 (updated Oct 28, 2026 15:09 UTC+8).
Is Copper bullish or bearish now?
Intraday: bullish. Short-term (daily): bullish. Bullish above 6.5672, targeting 6.6897 and then 6.7237.
How has Copper been trading lately?
Copper holds above short-term averages with bullish bias. Copper trades at 6.6131, up 1.66% in a day, 0.87% in five days and 0.52% in twenty days, back above the 20-day average of 6.5582 and the 50-day of 6.5750. Daily RSI rose from 50 to 53, MACD sits above its signal line, though the histogram has narrowed for three sessions.
How do I read the Copper technical score?
Currently short-term bullish, medium-term neutral, long-term bullish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on Copper?
Copper is below its daily short trailing stop. Short positions can reference 6.6657 (0.52% away); it only moves down. A daily close above 6.6657 signals the trend is strengthening.
Which economic events matter for Copper next?
FOMC and PCE back-to-back may widen copper swings. The key event is the FOMC decision at 02:00 on 10-29, with the upper bound expected at 4 and the lower at 3.75. In the past 19 releases copper averaged 0.14 dollars over the next four hours, peaked at 1.33 and rose only 37% of the time, about 4.7 times normal. Core PCE and Q3 GDP follow at 20:30.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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