Analysis techniques – Copper Futures (Dec 2025)Copper FuturesCOMEX:HG1!Hung-JKAnalysis techniques – Copper Futures (Dec 2025) Date: 03/10/2025 | Timeframe: D1 | Contract Code: HGZ25 1. Trend Overview and Price Structure December copper rose slightly to 4.9610 USD/lb (+0.14%), sustaining its strong rebound from 4.49 support after a prolonged consolidation in August–September. The price has broken above short-term resistance and is approaching the psychological 5.00 mark. Medium-term structure remains bullish, targeting the key resistance zone of 5.53 – 5.90, a previous cycle high. 2. Key Technical Levels Resistance: 5.53 – 5.90 – 6.00 Support: 4.90 – 4.49 – 4.21 3. Detailed Technical Analysis Short-term trend: Breakout from the 4.49 – 4.70 base favors further upside toward 5.53. Volume: Rising on the breakout, signaling fresh inflows. Wave structure: Copper appears in a medium-term recovery wave (wave 3), with theoretical targets around 5.53 – 5.90 before a pullback. Confirmation signals: Sustained closes above 5.00 would confirm momentum; failure below 4.90 risks a retracement to 4.70 – 4.49. 4. VNC View Short term: Positive outlook as metals attract flows amid a softer USD. Medium term: Refined copper supply disruptions in South America and persistent green demand (EVs, renewables) underpin prices. Risks: Potential demand weakness from China could trigger volatility. 5. Suggested Technical Strategies Preferred Long Setup: Entry: 4.95 – 5.00 TP: 5.53 – 5.90 SL: 4.90 Probability: 65% Counter-trend Short Setup: Entry: 5.50 – 5.53 TP: 5.20 – 4.95 SL: 5.90 Probability: 40% 6. Corporate Hedging Guidance Copper importers (Asia, Vietnam): Lock in purchases near 4.90 – 5.00 to mitigate upside risk. Producers/sellers: Delay sales until prices approach 5.53 – 5.90 resistance for better margins.