Copper Price Technical Analysis: Bullish Trend Holds, Awaiting Breakout Momentum

According to technical analysis data from August 18, 2025, the price of copper is demonstrating positive stability by maintaining its position above the 55-day moving average (MA55). This reinforces a potential bullish trend, although the market is still awaiting sufficient momentum to clearly confirm the upward trajectory.

Key Support and Resistance Levels

Currently, the copper price is bolstered by an extra support level at $4.2600, which aligns with the MA55 indicator. Stability above this threshold is an optimistic signal for buyers. However, momentum indicators like the Stochastic oscillator are showing some contradiction, suggesting the market may require a period of consolidation before making further advances.

To continue the uptrend, copper needs to gather enough positive momentum to overcome nearby resistance zones. The next price targets are identified at $4.6200 and, further on, at $4.7400. Successfully reaching these levels would confirm the strength of the medium-term bullish trend.

Risks and Reversal Scenario

Despite the bullish outlook, investors should pay close attention to the critical support level at $4.0700. This is considered a trend-defining threshold. A decisive break and close below this level would invalidate the bullish forecast and significantly increase the risk of a trend reversal to the downside. Therefore, this price level must be monitored closely for risk management.

Based on the analysis, the expected trading range for today is between $4.330 and $4.6300. Overall, the prevailing trend forecast remains Bullish, but caution is advised until a clear breakout signal emerges.

Source: Based on commodity market data and technical analysis as of August 18, 2025.