{
  "id": 2326500,
  "title": "Copper squeezed at $6.5685 near key resistance: Live levels",
  "url": "https://urgent.news/2026/08/21/copper-squeezed-at-6-5685-near-key-resistance-live-levels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T07:11:17.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/copper-stalls-at-686-resistance-doubletop-risk-live-levels-93CH-4862230"
  },
  "original_language": "en",
  "account": "Copper’s price is currently at $6.5685, caught between a crucial support level and a formidable resistance zone, on the verge of a significant price movement. The 5-hour chart indicates that Copper is struggling to break free from a series of corrective pullbacks following its all-time high. Currently, the price is positioned just below the vital resistance area of $6.60 to $6.65, which is marked by a combination of SuperTrend, the 50-period Simple Moving Average (SMA), and the Ichimoku Cloud’s top. In contrast, there is substantial support at $6.40, supported by the 200-period SMA and the 50% Fibonacci retracement level, which has shown remarkable resilience.\n\nBoth bulls and bears are facing a high-pressure situation, with trading opportunities tightly confined and the risk-reward ratio hanging by a thread. The $6.50 to $6.60 range is identified as a no-trade zone due to its high volatility and lack of clear direction, as false breakouts are likely to occur. For traders with a disciplined approach, waiting for a decisive break above $6.65 or below $6.49 is recommended for higher-probability trades. Significant volume and multiple moving averages are acting as magnets for price, urging traders to exercise patience rather than making predictions.\n\nThe critical juncture remains the $6.60 to $6.65 resistance level and the $6.40 support level. The market is poised for a substantial move, with bulls required to see confirmation from volume and closing prices, while bears are set to capitalize on rejection at the resistance. This squeeze scenario serves as a lesson in range trading, highlighting that the true opportunity lies in trading the reaction when price successfully escapes the confined range.",
  "summary": null,
  "key_points": [
    "Copper price at $6.5685, between key support and resistance",
    "$6.60-$6.65 resistance zone marked by multiple indicators",
    "$6.40 support zone supported by 200-period SMA and Fibonacci level"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "DAX bounces off 25,965 support in firm downtrend: Live levels",
        "url": "https://urgent.news/2026/08/21/dax-bounces-off-25-965-support-in-firm-downtrend-live-levels",
        "published": "2026-08-21T08:05:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}