CPER Daily Technical Analysis
United States Copper Index Fund
Provides exposure to copper futures prices. Copper is a critical industrial metal used in construction, manufacturing, renewable energy, and electric vehicles. Often called “Dr. Copper” due to its ability to signal global economic strength or weakness.
CPER Technical Analysis Summary
CPER remains in a dominant long-term uptrend, clearly visible by the bullish alignment of the moving averages and macro market structure. However, in the short term, the asset is undergoing a correction after forming a potential double top near 41.00. The immediate focus is whether the current support zone around 38.50 and the 50-day SMA will hold; a breakdown could lead to a deeper retracement toward the 36.00 level, while a successful defense would maintain the immediate bullish posture.
Included In Lists
Related Tickers of Interest
CPER Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has recently rejected the 41 level twice, dropping below the 20-day SMA. Momentum indicators support this downward pressure, with the MACD line crossing below the signal line into negative histogram territory, and the RSI cooling down from overbought levels to near 50.
Long-term Sentiment (weeks to months): Bullish
The macro structure remains strongly bullish, characterized by a series of higher highs and higher lows since last August. The 50-day SMA is trending significantly above a rising 200-day SMA, indicating a sustained long-term uptrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-08T21:15:33.619Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $37.90 | $37.30 - $38.50 | Strong | Current price area acting as immediate support (neckline of potential double top), backed up by the rising 50-day SMA at 37.29. |
| $35.50 | $35.00 - $36.00 | Strong | Major prior consolidation zone from March and April that served as a launching pad for the recent rally. |
| $33.75 | $33.50 - $34.00 | Strong | Long-term dynamic support area aligned with the rising 200-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $39.30 | $39.10 - $39.50 | Weak | Immediate resistance at the 20-day SMA, which price recently fell below. |
| $41.00 | $40.75 - $41.25 | Strong | The recent double peak highs where significant selling pressure entered the market. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Potential Double Top | Bearish | $36.00 | Price formed two distinct peaks near 41.00 with a pullback to ~38.50 in between. The current price is testing this 'neckline'. A decisive break below confirms the reversal pattern. |
Frequently Asked Questions about CPER
What is the current sentiment for CPER?
The short-term sentiment for CPER is currently Bearish because Price has recently rejected the 41 level twice, dropping below the 20-day SMA. Momentum indicators support this downward pressure, with the MACD line crossing below the signal line into negative histogram territory, and the RSI cooling down from overbought levels to near 50.. The long-term trend is classified as Bullish.
What are the key support levels for CPER?
StockDips.AI has identified key support levels for CPER at $37.90 and $35.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is CPER in a significant dip or a Value Dip right now?
CPER has a Value Score of 54/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.