Copper futures chart on the copper futures chart

On the copper futures chart, intraday swings are amplified by USD strength fluctuations. Macro traders are linking copper’s path closely to the Fed’s upcoming interest rate guidance. The prices of agricultural commodities in the grain/oilseed, soft, and animal protein sectors posted losses in September, except for October lean hog futures, which gained 5.08%. Industry experts say the US currently imports about 50% of the copper it needs for use across an array of industries, from construction to autos to data centers. 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.