Highlights

  • Copper closed at USD 6.52, down USD 0.10 or 1.54% on the day.
  • The contract opened at USD 6.61 and traded between USD 6.63 and USD 6.51.
  • The chart displayed an SMA reading of USD 6.61, above the latest price.
  • The RSI reading stood at 42.90, indicating subdued momentum.
  • Price action stayed close to the session low by the end of trading.
  • The supplied chart provided no separate fundamental or macroeconomic catalyst details.

Copper entered 3 November 2026 under pressure and finished the session at USD 6.52, leaving the metal down USD 0.10, or 1.54%, for the day. The contract opened at USD 6.61, touched a high of USD 6.63 and slipped to a low of USD 6.51 before settling near the bottom of that range. With the supplied material limited to TradingView market and technical data, the latest move keeps attention fixed on price behaviour, the metal’s position versus its displayed SMA, and the relatively soft RSI reading.

Source chart, November 3 2026

Copper Stays Range-Bound but Ends on the Back Foot

The Daily Chart showed a relatively tight session after copper opened at USD 6.61. Prices briefly moved up to USD 6.63, but the advance did not hold, and the contract later weakened to USD 6.51. That left the final price at USD 6.52, just above the day’s low. The close near the lower end of the session range reinforced the negative daily move and left copper modestly below the opening level.

Limited Source Material Keeps the Focus on Price Action

No separate production data, inventory figures, trade numbers, Inflation releases or other macroeconomic updates were supplied alongside the chart. As a result, the market narrative remains centred on the session’s price structure and technical readings. Within the boundaries of the supplied information, the key takeaway is straightforward: copper ended lower, failed to stay above the opening level, and closed beneath the displayed SMA reference.

Technical Outlook: Copper

Copper’s latest price stood at USD 6.52, compared with an opening price of USD 6.61, a session high of USD 6.63 and a session low of USD 6.51. The chart displayed an SMA reading of USD 6.61. With the current price below that level, the immediate technical picture remained softer than the moving-average reference shown on the chart. The RSI reading stood at 42.90. That level pointed to restrained momentum and suggested the market was neither in an overbought position nor showing strong upside acceleration at the close.

Key Levels to Watch

The supplied chart did not provide formally labelled support and resistance levels, so no additional levels have been introduced. Within the available data, the session low of USD 6.51 serves as the nearest downside reference, while the session high of USD 6.63 stands as the nearest upside reference. If price action holds near the low, traders may keep watching that area for stability. If copper pushes back toward the top of the day’s range, USD 6.63 remains the first nearby level to monitor.

Summary

Copper ended 3 November 2026 at USD 6.52 after a 1.54% daily decline, closing close to the session low after trading between USD 6.63 and USD 6.51. The latest price also sat below the chart’s displayed SMA of USD 6.61, while the RSI reading of 42.90 reflected muted momentum. With no additional fundamental or macroeconomic data supplied, the day’s move is best understood through price action and the technical signals visible on the chart.