Copper Crashes But A Buy Level Is Approaching

Copper had its biggest one day fall ever, dropping over 20% on July 30th, 2025. This was triggered when President Trump implemented an easier tariff policy on the metal than had been expected.

From peak to trough, copper fell 27% during the past week. Big drops like this breed opportunity for swing traders. There is a major support trendline at $4.20. This is a potential buying opportunity.

This trendline comes from connecting the major pivot lows on copper going back to 2023. This can be seen in the chart above.

Based on past results, technical traders can assume there will be a bounce on copper if it hits $4.20.