CPER Weekly Technical Analysis
United States Copper Index Fund
Provides exposure to copper futures prices. Copper is a critical industrial metal used in construction, manufacturing, renewable energy, and electric vehicles. Often called “Dr. Copper” due to its ability to signal global economic strength or weakness.
CPER Technical Analysis Summary
CPER is exhibiting a strong long-term uptrend, evidenced by the bullish alignment of all major moving averages and sustained momentum. However, the immediate price action shows signs of a 'blow-off top' with a high-volume rejection from the 40.44 level, forming a shooting star candle. Investors should watch for a potential pullback to the 20-week SMA around 32.72 to confirm whether this is a temporary correction or a significant top.
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CPER Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
The most recent weekly candle displays a classic 'Shooting Star' formation with a very long upper wick and a red close, accompanied by extremely high volume. This indicates a strong rejection of prices above 40.00 and suggests a potential short-term reversal or consolidation despite the uptrend.
Long-term Sentiment (weeks to months): Bullish
The long-term trend remains decisively bullish, with the price trading well above the rising 20, 50, and 200-week SMAs. The MACD histogram is expanding positively, and the 50-week SMA recently crossed above the 200-week SMA (Golden Cross alignment), reinforcing structural strength.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:43:24.711Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $31.88 | $31.04 - $32.72 | Strong | Confluence zone of the 20-week SMA (32.72) and the 50-week SMA (31.04), acting as the primary dynamic support for the trend. |
| $27.06 | $26.25 - $27.87 | Strong | Major structural support defined by the 200-week SMA (26.25) and the lower Bollinger Band (27.87), which aligns with previous consolidation highs. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $39.01 | $37.58 - $40.44 | Strong | Immediate resistance zone spanning from the upper Bollinger Band (37.58) to the current week's swing high (40.44). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Shooting Star / Blow-off Top | Bearish | $32.72 | The current candle features a massive upper shadow hitting a high of 40.44 before closing significantly lower at 36.43. This occurred on the highest volume visible on the chart, signaling a climax event or exhaustion of buyer demand at these levels. |
| Strong | Bullish Trend Channel | Bullish | N/A | Price has been adhering to a steep rising channel since late 2023, characterized by higher swing highs and higher swing lows, supported by rising moving averages. |
Frequently Asked Questions about CPER
What is the current sentiment for CPER?
The short-term sentiment for CPER is currently Neutral because The most recent weekly candle displays a classic 'Shooting Star' formation with a very long upper wick and a red close, accompanied by extremely high volume. This indicates a strong rejection of prices above 40.00 and suggests a potential short-term reversal or consolidation despite the uptrend.. The long-term trend is classified as Bullish.
What are the key support levels for CPER?
StockDips.AI has identified key support levels for CPER at $31.88 and $27.06. These levels may represent potential accumulation zones where buying interest could emerge.
Is CPER in a significant dip or a Value Dip right now?
CPER has a Value Score of 11/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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