CPER Weekly 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
The technical posture for CPER on the weekly timeframe is highly bullish. The decisive, high-volume breakout from a multi-year consolidation phase suggests the initiation of a new, long-term secular uptrend. While short-term overextension is possible given the steep ascent, pullbacks holding above the massive $32-$34 breakout zone would be considered healthy retests.
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CPER Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is exhibiting strong upward momentum, riding the upper Bollinger Band, supported by positive MACD expansion and RSI in a bullish regime but not yet extremely overbought.
Long-term Sentiment (weeks to months): Bullish
The asset has decisively broken out of a massive multi-year consolidation base with significant volume. All moving averages (20, 50, 200-week) are trending upwards and stacked bullishly.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:02:37.504Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $33.00 | $32.00 - $34.00 | Strong | Major multi-year resistance zone that was recently broken, now acting as primary support. Confluences with the rising 20-week SMA. |
| $29.00 | $28.00 - $30.00 | Strong | Previous structural support level within the massive consolidation base, near the current 50-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $39.00 | $38.00 - $40.00 | Weak | Recent swing high wicks and psychological round number overhead resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Base Breakout | Bullish | N/A | Price consolidated in a wide, choppy range roughly between $22 and $32 for several years before breaking out topside on exceptionally high volume. |
Frequently Asked Questions about CPER
What is the current sentiment for CPER?
The short-term sentiment for CPER is currently Bullish because Price is exhibiting strong upward momentum, riding the upper Bollinger Band, supported by positive MACD expansion and RSI in a bullish regime but not yet extremely overbought.. 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 $33.00 and $29.00. 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 24/100. 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.
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