Copper futures chart technical read on the copper futures

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. The company's latest results in the second quarter of 2025 were impressive. Gold production increased, copper output surged, and net earnings per share reached their highest level in more than a decade. For a miner of Barrick's scale, that kind of performance is hard to ignore. What stood out most was the discipline behind the numbers: billions in operating cash flow, sharply higher free cash flow, and a dividend paired with share buybacks that signal confidence in the business. Yes, other commodity markets took a similar hit: The price of oil; cash crops like soybeans and cotton; and precious metals like gold are also plummeting. Short-term traders are closely watching the copper futures chart’s Fibonacci retracement levels, as $4.09 holds key support before potential upward extensions.