Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Join Barchart Premier for advanced OPTIONS screeners and volatility tools. FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or
Scrap Bare Bright Copper Idx (CUPAUSY1.CM)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [MTIDX]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Scrap Bare Bright Copper Idx Futures Market News and Commentary

Dollar Edges Lower and Gold Soars on Weak U.S. Economic News

The dollar index (DXY00) on Friday fell by -0.25%.  The dollar retreated from a 1-1/2 week high Friday and posted moderate losses on weaker-than-expected U.S. economic news on Feb ISM manufacturing, Jan construction spending, and the University of Michigan U.S. Feb consumer sentiment.  A decline in T-note yields Friday also weighed on the dollar.

The U.S. Feb ISM manufacturing index unexpectedly fell -1.3 to 47.8, weaker than expectations of an increase to 49.5. 

U.S. Jan construction spending unexpectedly fell -0.2% m/m, weaker than expectations of +0.2% m/m and the biggest decline in 15 months.

The University of Michigan U.S. Feb consumer sentiment index was revised downward by -2.7 to 76.9, weaker than expectations of no change at 79.6.

Atlanta Fed President Bostic said the Fed needs to hold interest rates higher for longer, so inflation recedes further and it won't have to go back and raise rates again.

Fed Governor Waller said he would like to see... Read more

Price Performance

See More
Period Period Low Period High Performance
1-Month
2.6256 +7.19%
on 08/08/22
2.8143 unch
on 09/06/22
+0.1887 (+7.19%)
since 08/05/22
3-Month
2.5978 +8.33%
on 07/29/22
3.7426 -24.80%
on 06/16/22
-0.7493 (-21.03%)
since 06/06/22
52-Week
2.5978 +8.33%
on 07/29/22
3.9528 -28.80%
on 03/10/22
-0.6658 (-19.13%)
since 09/03/21

Benchmark National Price Indexes

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

See More Share

Key Turning Points

3rd Resistance Point 2.8143
2nd Resistance Point 2.8143
1st Resistance Point 2.8143
Last Price 2.8143
1st Support Level 2.8143
2nd Support Level 2.8143
3rd Support Level 2.8143

See More

52-Week High 3.9528
Fibonacci 61.8% 3.4352
Fibonacci 50% 3.2753
Fibonacci 38.2% 3.1154
Last Price 2.8143
52-Week Low 2.5978

See More

Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar