CPER

CPER is in a Stage 4 decline within a long-term uptrend, marked by a decisive Support Failure below key support and a series of lower highs and lower lows. Price is trading below the downward-sloping 9EMA, 21EMA, and 50SMA, signalling further downside. Medium-term bias is bearish; execution favors selling on rejections into the 9/21 EMA resistance zone near prior breakdown levels, with caution for potential oversold bounces.

• ↑3-day rally (+2.48%) with positive MACD suggests momentum
• ↑Supports from backwardated copper futures market boost returns
• ↓Down ~6% past month and 2% YTD highlights weakness