Copper Momentum Hits Overbought Territory

Copper prices are on the verge of reaching critical levels, as momentum continues to stretch. According to TradingPedia, copper is currently trading near $6.73 on the 5-hour chart, with price pushing toward key resistance at $6.86.

The Money Flow Index has surged to 90.37, placing it firmly in overbought territory and signaling that upside momentum may be at risk of fatigue.

Despite this, the SuperTrend indicator remains in buy mode at $6.5776, and copper remains above its upper Bollinger Band at $6.7618, reinforcing a strong bullish configuration.