(CPER) United States Copper - Ratings and Ratios

The United States Copper Index Fund LP (NYSE ARCA: CPER) is a commodity-focused ETF designed to track the performance of copper futures contracts on the Commodity Exchange, Inc. (COMEX). The fund achieves its objective by investing in Benchmark Component Copper Futures Contracts, aiming to reflect the returns of the copper market. It provides exposure to copper prices without the need for direct physical ownership, making it a liquid and accessible investment option for retail and institutional investors.

The funds performance is tied to the Standard & Poors (S&P) Copper Index (SCI), which is designed to measure the returns from a portfolio of copper futures contracts. The SCI is a benchmark for copper price movements, reflecting the commoditys role as a key industrial metal. Investors can use CPER to hedge against inflation, diversify portfolios, or speculate on copper price trends driven by global industrial demand and supply dynamics.

Based on the provided data, here is a 3-month forecast:

Given the current price of 28.49, which is slightly below the first resistance level of 28.7, CPER may face short-term resistance at this level. The SMA 20 (28.73) and SMA 50 (27.37) indicate a potential sideways trend in the near term, with support levels at 28.2, 27.4, and 26.7 providing downside protection. The ATR of 0.48 suggests low volatility, indicating modest price movements. Fundamentally, copper demand is expected to remain stable, driven by industrial activities and infrastructure spending. However, supply chain constraints and geopolitical tensions could impact prices. With an AUM of $164.66M, the funds liquidity is moderate, allowing for efficient trading without significant market impact.