Copper at a Historic BarrierCopper FuturesCOMEX_DL:HG1!isahebdadi Short-Term Technical Analysis (Weeks to Months) On the monthly timeframe, copper futures are testing a major multi-decade resistance, represented by the purple trendline connecting historical highs. Price reaction here will define the medium-term direction. The rising moving average (orange line) below price confirms strong trend momentum, though the stretched distance suggests a potential short-term pullback. Bullish Short-Term Scenario: A confirmed monthly close above $5.80 would validate a breakout and trigger an accelerated bullish phase. Bearish Short-Term Scenario: Failure to hold above resistance could result in a corrective pullback without damaging the primary uptrend. Short-Term Target: $6.40–$6.80 Short-Term Stop-Loss: Monthly close below $4.90 Long-Term Technical Analysis (1–5 Years) From a macro perspective, copper shows strong signs of entering a commodity supercycle. A successful breakout above this long-term resistance could lead to price discovery. Bullish Long-Term Scenario: Sustained trading above the historical trendline opens the door to much higher multi-year targets. Bearish Long-Term Scenario: Rejection from resistance may lead to a prolonged consolidation rather than a deep bear market. Long-Term Target: $8.00–$9.00 Long-Term Stop-Loss: Structural breakdown below $4.20 Fundamental Analysis (Brief) Copper is often called “Dr. Copper” due to its ability to signal global economic health: •Massive demand from EVs, renewable energy, and electrification •Chronic underinvestment in new mining supply •Rising consumption in China, India, and emerging markets •High sensitivity to economic cycles and monetary policy If the global green transition continues, copper could be one of the biggest winners of the next decade. Final Takeaway Copper is sitting at a historic inflection point: •Break and hold above resistance → powerful multi-year uptrend •Rejection → healthy pullback and strategic re-entry opportunities This is a chart that long-term investors should watch very closely.