Commodities
Copper Futures: Bullish Setup Brewing at the Blue Box
The Copper futures market has been forming a 3-wave pullback, correcting the cycle from the June 2026 low of $6.282.
According to Elliott Wave analysis, the corrective structure appears incomplete, suggesting more weakness in the near term is likely.
The forecast called for a decline into the Blue Box area at $6.5688-$6.4472, where buyers are expected to re-enter the market.
The setup would be invalidated only if the price broke below the 1.618 Fibonacci extension at $6.4472.