Copper futures chart analysis reveals a modest uptick

Copper futures chart analysis reveals a modest uptick driven by stronger U.S. housing starts data. Analysts are watching resistance at $4.15 as a key level that could trigger algorithmic buy orders. Natural gas, which is entering the peak demand season, posted a marginal decline of under 1% in September. Chicago ethanol swaps rose, despite a decline in corn prices, while Rotterdam coal futures dropped 12.80% to more attractive levels as winter approaches. “Copper prices were almost synthetically high because of this pre-buying,” said Yates. Technical read on the copper futures chart shows RSI near 65, signaling bullish but not yet overbought conditions. Short-term moving averages are crossing above longer-term ones—a textbook bullish signal.