Jump to any asset
849 assets, updated daily
As of September 26, 2026, Copper Futures (HG1) trades at $6.698. CleaRank Financial AI rates it Buy with a fair value of $6.600, 1.5% below the current price. CleaRank's model target is $6.750, derived from technical levels rather than analyst coverage. RSI at 62 is in neutral territory, and the price is above its 50-day average of $6.578.
Copper Futures (HG1)
Copper Futures COMEX
$6.70
-0.007461 (-0.11%)
At close: Sep 25, 5:00 PM EDT
AI Analyst Consensus
75 / 100
Copper Futures are currently trading at $6.698, showing a positive trend. The asset is positioned above its 50-day Simple Moving Average (SMA) of $6.58 and its 200-day SMA of $6.22, indicating a bullish technical setup. The Relative Strength Index (RSI) is at 62.47, reflecting strong momentum. Industrial demand, particularly from construction and electronics sectors, remains a key driver for copper prices. Global economic growth prospects and a potentially weakening US dollar also provide a supportive macro backdrop for commodities.
HG1 Price Analysis
Market Metrics
Open
$6.71
Day Range
$6.69 to $6.71
Prev Close
$6.71
52-Week Range
$5.21 to $6.86
HG1 Analysis
CleaRank AI Target
+5.00% Upside
Our model estimate (not an analyst consensus)
$7.033
AI Technical Analysis
Momentum has turned for Copper Futures: the RSI has moved from a previous level to its current 62.47, indicating strong momentum. Copper Futures are trading above their 50-day SMA ($6.58) and 200-day SMA ($6.22), confirming an uptrend. The MACD is at 0.047, suggesting positive momentum. The Stochastic Oscillator is at 75.35, nearing overbought territory but still within a bullish range. Key support is identified at the 50-day SMA of $6.58, while the next significant resistance level is near the current price, with further upside potential towards $6.75.
ProTips
- Monitor inventory levels closely for signs of tightening supply.
- Key support at the 50-day SMA of $6.58; a break below could signal a trend change.
- Global growth indicators and US dollar movements are critical macro drivers to watch.
Market Outlook
The outlook for Copper Futures over the next 6-12 months remains cautiously optimistic, supported by ongoing industrial demand and a favorable macro environment. The price is expected to trade in a range, with potential upside towards $7.00 if demand continues to outpace supply and the US dollar remains weak. A shift towards a more hawkish monetary policy or a significant global economic downturn could pressure prices lower, potentially testing the $6.22 200-day SMA support level.
Market Correlations
How this commodity moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.43
Moderate correlation
Nasdaq 100 (QQQ)
+0.42
Moderate correlation
Bitcoin (BTC)
+0.27
Weak correlation
Gold (XAU)
+0.42
Moderate correlation
Check Custom Correlation
How does any other asset move with HG1? One year of daily closes, Pearson correlation.
Try
Key Statistics
| Open | $6.71 |
|---|---|
| Previous Close | $6.71 |
| Day High | $6.71 |
| Day Low | $6.69 |
| 52 Week High | $6.86 |
| 52 Week Low | $5.21 |
Copper's fundamental outlook is underpinned by strong industrial demand, especially from the green energy transition, electric vehicles, and infrastructure development. Global supply remains constrained by limited new mine discoveries and geopolitical risks in key producing regions. Inventory levels are being closely watched, with any significant drawdowns likely to support prices. The current macro environment, characterized by expectations of stable or declining interest rates and a potentially softer US dollar, generally favors commodity prices.
Earnings & Growth Analysis
Copper production trends are influenced by mining output, operational challenges, and new project developments. Current inventory levels for copper are a critical factor, with recent data suggesting a tightening supply picture. Seasonal demand patterns, particularly in construction during warmer months, can influence short-term price movements. The positioning within the broader commodity demand cycle indicates continued support from industrial applications.
Key Risks
Key risks for Copper Futures include a sharper-than-expected slowdown in global economic growth, which would dampen industrial demand. Significant increases in copper inventories or unexpected supply boosts from major producers could pressure prices. Additionally, a strong resurgence in the US dollar could act as a headwind.
Technical Indicators
| RSI (14) | 62.47 |
|---|---|
| MACD | 0.05 |
| SMA 50 | 6.58 |
| SMA 200 | 6.22 |
RSI
Bullish
SMA Cross
Bullish
Price vs SMA
Bullish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($6.578) above the 200-day SMA ($6.225), price action is firmly bullish above key moving averages.
HG1 Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$6.564
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$6.698
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$6.367
MAX LOSS
-3.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (62.5) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$6.892
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$7.220
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$7.548
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
Commodity & Forex Risk Disclaimer
Commodity and forex trading involves substantial risk of loss, potentially exceeding your initial deposit due to leverage. This AI-generated analysis of HG1 assumes standard market conditions and does not account for sudden geopolitical events, central bank decisions, or supply disruptions which can invalidate technical levels instantly. This is not financial advice. Generated on September 26, 2026.Growth of $10,000
A $10,000 investment in HG1 in September 2016 would be worth about $5,881 today, compared with about $36,004 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in HG1 today could grow to about $10,062 by 2036 in the base case, with a bull case near $28,018 and a bear case around $3,613. Projections are statistical simulations, not guarantees.
HG1 Price Prediction: 2030
CleaRank's simulation projects a price near $6.71 for HG1 by 2030 in the base case, from $6.70 today (1.0x over 4 years). The downside path ends near $3.51. These are outcomes of a Monte Carlo simulation run on HG1's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $4.85 | $6.70 | $9.26 |
| 2028 | $4.24 | $6.71 | $10.60 |
| 2029 | $3.83 | $6.71 | $11.76 |
| 2030 | $3.51 | $6.71 | $12.83 |
| 2031 | $3.26 | $6.72 | $13.86 |
| 2032 | $3.04 | $6.72 | $14.86 |
| 2033 | $2.86 | $6.73 | $15.85 |
| 2034 | $2.69 | $6.73 | $16.82 |
| 2035 | $2.55 | $6.73 | $17.79 |
| 2036 | $2.42 | $6.74 | $18.77 |
Method: 10,000 simulated price paths using HG1's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
People Also Watch
Frequently Asked Questions
What drives copper futures prices?
Copper prices are driven by industrial demand (construction, electronics), global economic growth, and supply factors. The current price of $6.698 reflects these dynamics, with the RSI at 62.5 indicating strong momentum. Supply disruptions or significant shifts in global manufacturing output can lead to price volatility.
What is the long-term outlook for Copper Futures?
According to Monte Carlo simulations, the median price projection for Copper Futures in 2030 is $6.71, with a downside price of $3.51 and an upside price of $12.83. These are statistical simulation outcomes, not price targets or guarantees.
Is Copper Futures currently in an uptrend?
Yes, Copper Futures are in a confirmed uptrend. The price is trading above its 50-day SMA of $6.58 and its 200-day SMA of $6.22, and the RSI is at 62.47, indicating bullish momentum.
What are the key support and resistance levels for Copper Futures?
The immediate support for Copper Futures is the 50-day SMA at $6.58. Resistance is observed near the current price, with the next significant level around $6.75.
How does the US dollar impact Copper Futures?
A weaker US dollar generally supports commodity prices, including Copper Futures, as it makes them cheaper for holders of other currencies. Conversely, a stronger dollar can pressure prices.
What are the main industrial uses of copper?
Copper is essential in electrical wiring, plumbing, construction, electronics, and increasingly in electric vehicles and renewable energy infrastructure due to its excellent conductivity.
What are the risks associated with investing in Copper Futures?
Key risks include a global economic slowdown impacting demand, potential supply increases from major producers, and fluctuations in the US dollar. Geopolitical events in producing regions can also disrupt supply and affect prices.