rounded corner
rounded corner
top border

Copper (HG) Analysis with the Market Profile

Bookmark and Share

Copper (HG) Analysis with the Market Profile

The following article continues the previous analysis of the copper futures market based on the recent price developments. The analysis has been implemented with the Sierra Chart template utilising the weekly market profile in combination with the volume profile.

After being rejected on the downside, the market made a strong long push and built a range in a volatile market the past weeks (1). Last week, the market performed a strong long push accompanied by several single print areas (2) indicating buyer strength. However, the market got hold at a later stage and significant volume was created (3) illustrating seller strength. The price moved short again and closed at the initial range.
Copper HG Futures Market Analysis with the TPO Chart by UC Trading

Considering a buyer perspective, the copper market may trade above the range with a first target at the last weeks rejected area at around $2.45 - $2.47 (4). In contrast, the single print areas around $2.34 - $2.37 illustrate a resistance zone. Should the market illustrate weakness and sellers are able to gain dominance the resistance zone may be broken to the downside with a first target at the old range from March / April (5).

Recent articles from this author

About the author

Alexander Kiel has occupied various positions in the area of private banking covering wealth management, portfolio management and management support. Subsequently, he founded the equity investment project Universal Capital and became active as an independent futures trader.


He has extended his trading activities with UC Trading in a coaching course providing professional insights into order flow trading.


Alexander can be reached via



Contributing author since 5/4/2020



Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2020, a product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy