July 9, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

Copper At Record High

Please click here for a chart of copper ETF (CPER).

Note the following:

• The chart shows that copper jumped to a new high yesterday on Trump’s threat to impose 50% tariffs on copper.
• The chart shows that zone 1, previously the resistance zone has now become the support zone.
• RSI on the chart shows that copper is overbought but still has room to run.
• The chart shows that the volume was heavy, indicating conviction.
• There was a time when copper was in ZYX Allocation Core Model Portfolio.