Copper futures chart market strategists point out that

Market strategists point out that copper futures chart readings above the 200-day moving average typically attract trend-following funds, adding fuel to directional moves. As the 2025 winter season approaches, the odds favor price weakness in meats and gasoline prices over the coming weeks and months. However, livestock futures remain at record highs and were elevated during the 2024/2025 offseason. Meanwhile, gasoline demand should decline as temperatures drop, but crude oil and oil products remain sensitive to events in the Middle East. Copper futures ( HG=F ) tanked as much as 19% on Wednesday after a much-anticipated Trump administration directive to impose 50% tariffs on the industrial metal carved out an exemption for refined copper, used in a wide range of industries. Latest copper futures chart shows prices hovering around $4.12/lb on COMEX, with traders eyeing Chinese manufacturing PMI data for directional cues. Momentum indicators suggest a possible short-term consolidation before a breakout.