The Copper future set for weak finish today; down 1.42% to $4.07 per pound with 4 hours before close

CME Copper is down to $4.07 per pound, after ending yesterday at $4.12. Overall, a 1.42% loss or 5.85 cents today.

Despite drifting lower in the trading session, the short-term outlook has turned positive after the MACD moved above its signal line — typically a bullish indicator.

Despite suffering losses in today's session, technical analysis is indicating that Copper will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other Metals as Gold is down to $1,978.7, losing $17.3, after closing at $1,996 in the preceding trading session. After ending yesterday's session at $997, Platinum lost $15.1 and is trading around $981.9. Palladium is down $14.8 from the beginning of the session and now trades around $1,418.