Copper price today: trend, volatility and seasonality

Data updated October 13, 2026

6.662usd/lbs−0.24% today

Copper last traded at 6.662 usd/lbs (close of October 13, 2026), up 18.4% year to date and up 30.7% over twelve months.

It is in an uptrend: both the price and its 50-day average are above the 200-day average, with the price 8.1% above that average.

Over the past 52 weeks it has ranged between 4.891 and 6.804; today's price sits at 93% of that range.

One-month volatility is 17% annualised, low compared with its own history, and the largest fall from a high in the last year was 13.9%.

Returns by period

1W: +1.3%
1M: +3.2%
3M: +5.5%
6M: +10.0%
Year to date: +18.4%
1Y: +30.7%
3Y: —
5Y: —

Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.

Copper price over five years

Spot price200-day moving average

Trend and risk

Trend (50/200-day): Uptrend
vs 200-day average: +8.1%
RSI (14 days): 56
Momentum 12-1: +26.6%
Volatility 1M: 17.4%
Volatility 1Y: 26.2%
Max drawdown 1Y: −13.9%
52-week range position: 93%

Futures positioning (CFTC COT)

Managed money (hedge funds and CTAs) held a net long position of 61,134 contracts in Copper (20.1% of open interest), around the middle of its one-year range. MEDGE reads this as “funds adding shorts”. Report of October 6, 2026.

Copper COT report: positions, history and what followed extremes →

Questions

How has copper performed this year?

As of October 13, 2026, Copper is +18.4% year to date and +30.7% over the last twelve months, at 6.662 usd/lbs.

Is copper above its 200-day moving average?

Yes: the price is 8.1% above its 200-day average of 6.179. With the 50-day average also above it, the trend reads as up.

How volatile is copper?

Its one-month volatility is 17.4% annualised and one-year volatility 26.2%. Current volatility is at the 8th percentile of all one-month windows in the available history.

Are hedge funds long or short copper?

Managed money (hedge funds and CTAs) held a net long position of 61,134 contracts in Copper (20.1% of open interest), around the middle of its one-year range. Figures from the CFTC Commitments of Traders report of October 6, 2026.

Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.