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| MRCI's Futures Highlight - Copper(CMX) |
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MRCI hopes this profile of the CMX Copper futures contract, with
its statistics and feature studies, will help you derive wise trading decisions from its presentation of
long-term perspective, computer analysis, and historical background. This additional history is designed
to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly
and monthly charts on this page depict prices for nearby contracts, which most closely reflect the
underlying cash market.
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The table below offers a statistical analysis of historical daily trading in the CMX Copper futures.
The average range for each day of the week in each year and overall has been computed for purposes of comparison and
further insight into the dynamics of this market. (from futstats, but I don't currently have it available for include)
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MRCI's Nearby Futures Range Detail for Copper(CMX)
from 1/1976 - 3/2024 |
Calendar
Year |
Monday
Avg Rng |
Tuesday
Avg Rng |
Wednesday
Avg Rng |
Thursday
Avg Rng |
Friday
Avg Rng |
Yearly
Avg Rng |
| 1976 |
1.21($303) |
1.30($325) |
1.18($295) |
1.24($309) |
1.06($266) |
1.20($300) |
| 1977 |
1.01($253) |
0.98($244) |
1.10($275) |
0.98($245) |
1.04($260) |
1.02($256) |
| 1978 |
0.92($229) |
0.89($221) |
1.10($275) |
0.91($227) |
0.89($223) |
0.94($235) |
| 1979 |
2.44($611) |
2.77($692) |
2.45($612) |
2.38($596) |
2.44($609) |
2.50($624) |
| 1980 |
3.23($807) |
2.96($739) |
3.08($769) |
3.09($772) |
3.19($797) |
3.11($777) |
| 1981 |
1.66($415) |
1.41($352) |
1.40($351) |
1.48($371) |
1.39($348) |
1.47($367) |
| 1982 |
1.65($413) |
1.56($390) |
1.55($388) |
1.46($364) |
1.50($375) |
1.54($386) |
| 1983 |
1.47($368) |
1.17($293) |
1.13($282) |
1.25($313) |
1.21($302) |
1.24($311) |
| 1984 |
1.10($275) |
1.06($264) |
1.00($250) |
1.07($266) |
1.14($286) |
1.07($268) |
| 1985 |
1.04($261) |
0.99($247) |
1.02($255) |
0.97($242) |
0.85($214) |
0.98($244) |
| 1986 |
0.80($200) |
0.82($204) |
0.67($167) |
0.63($158) |
0.71($179) |
0.73($182) |
| 1987 |
2.00($500) |
1.95($488) |
1.85($462) |
1.67($417) |
1.66($415) |
1.83($456) |
| 1988 |
3.36($840) |
3.67($918) |
3.70($924) |
3.36($841) |
3.32($830) |
3.49($872) |
| 1989 |
3.04($759) |
1.93($482) |
2.10($524) |
1.75($436) |
2.37($593) |
2.22($556) |
| 1990 |
2.73($683) |
2.91($727) |
3.06($765) |
2.58($645) |
2.88($720) |
2.83($708) |
| 1991 |
1.54($385) |
1.68($420) |
1.55($388) |
1.54($384) |
1.47($368) |
1.56($390) |
| 1992 |
1.24($309) |
1.12($280) |
1.15($287) |
1.28($320) |
1.19($298) |
1.19($299) |
| 1993 |
1.24($309) |
1.46($365) |
1.30($324) |
1.45($363) |
1.58($395) |
1.40($351) |
| 1994 |
2.04($509) |
2.13($533) |
2.27($568) |
1.82($455) |
1.92($480) |
2.04($509) |
| 1995 |
2.10($525) |
2.43($607) |
2.68($671) |
2.64($661) |
2.18($546) |
2.42($604) |
| 1996 |
2.32($579) |
2.48($619) |
2.40($601) |
2.43($608) |
2.76($690) |
2.48($619) |
| 1997 |
2.12($531) |
2.48($620) |
2.28($571) |
2.25($562) |
2.24($561) |
2.28($570) |
| 1998 |
1.66($416) |
1.63($406) |
1.76($440) |
1.67($416) |
1.66($414) |
1.68($419) |
| 1999 |
1.30($325) |
1.51($377) |
1.63($408) |
1.45($363) |
1.55($388) |
1.49($373) |
| 2000 |
1.31($328) |
1.41($352) |
1.30($325) |
1.27($319) |
1.31($326) |
1.32($330) |
| 2001 |
1.09($273) |
1.26($315) |
1.22($306) |
1.16($291) |
1.21($302) |
1.19($298) |
| 2002 |
1.20($300) |
1.21($302) |
1.28($320) |
1.25($312) |
1.26($316) |
1.24($310) |
| 2003 |
1.57($393) |
1.42($356) |
1.33($332) |
1.59($399) |
1.43($358) |
1.47($367) |
| 2004 |
3.18($795) |
3.23($806) |
4.15($1038) |
3.22($805) |
3.39($847) |
3.44($860) |
| 2005 |
3.33($833) |
3.56($889) |
3.63($907) |
3.63($907) |
3.44($860) |
3.52($880) |
| 2006 |
11.22($2806) |
10.71($2677) |
10.34($2584) |
12.21($3052) |
10.57($2642) |
11.00($2750) |
| 2007 |
9.75($2437) |
9.80($2449) |
9.65($2413) |
10.84($2710) |
9.23($2308) |
9.86($2464) |
| 2008 |
12.70($3175) |
12.29($3071) |
12.00($3000) |
12.63($3157) |
11.64($2911) |
12.25($3061) |
| 2009 |
9.31($2327) |
9.37($2342) |
9.26($2315) |
8.67($2167) |
8.99($2248) |
9.12($2280) |
| 2010 |
9.04($2260) |
10.03($2507) |
9.53($2383) |
9.57($2392) |
9.11($2279) |
9.47($2367) |
| 2011 |
11.61($2902) |
10.66($2666) |
12.38($3095) |
11.43($2856) |
10.83($2706) |
11.38($2844) |
| 2012 |
7.50($1875) |
7.28($1821) |
7.11($1777) |
7.09($1772) |
7.98($1995) |
7.39($1848) |
| 2013 |
5.82($1455) |
5.90($1475) |
6.58($1646) |
6.27($1567) |
6.03($1508) |
6.12($1531) |
| 2014 |
4.98($1245) |
4.81($1203) |
4.84($1211) |
4.54($1135) |
4.57($1144) |
4.75($1187) |
| 2015 |
5.88($1470) |
6.47($1618) |
5.37($1342) |
5.72($1431) |
5.72($1430) |
5.83($1459) |
| 2016 |
4.67($1168) |
5.17($1293) |
4.84($1209) |
4.53($1133) |
4.75($1188) |
4.80($1199) |
| 2017 |
5.03($1257) |
5.70($1424) |
4.82($1206) |
5.32($1330) |
5.19($1299) |
5.21($1303) |
| 2018 |
5.35($1338) |
6.91($1727) |
6.30($1575) |
6.24($1561) |
5.71($1427) |
6.11($1528) |
| 2019 |
4.20($1049) |
4.15($1037) |
4.21($1053) |
4.28($1070) |
4.81($1201) |
4.33($1082) |
| 2020 |
7.09($1772) |
6.21($1553) |
6.37($1593) |
6.46($1616) |
7.01($1753) |
6.62($1654) |
| 2021 |
10.52($2630) |
10.06($2516) |
10.57($2644) |
11.01($2752) |
11.02($2754) |
10.63($2659) |
| 2022 |
11.33($2832) |
11.25($2813) |
10.79($2698) |
11.61($2902) |
11.25($2812) |
11.24($2811) |
| 2023 |
7.87($1967) |
8.10($2024) |
8.01($2002) |
8.23($2057) |
7.78($1944) |
8.00($1999) |
| 2024 |
5.62($1405) |
5.39($1347) |
6.24($1561) |
5.83($1458) |
6.44($1610) |
5.91($1477) |
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What other characteristics do CMX Copper futures exhibit for various days of the
week? We ran various studies for the last 180 calendar days of trading prior to trading prior to
expiration for each contract. (from futstats, but I don't currently have it available for include)
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MRCI's Nearby Futures Summary for Copper(CMX)
from 1/1976 - 3/2024 |
Summary
Item |
Monday
Summary |
Tuesday
Summary |
Wednesday
Summary |
Thursday
Summary |
Friday
Summary |
Yearly
Summary |
| Range |
4.12($1030) |
4.18($1044) |
4.17($1043) |
4.19($1046) |
4.13($1033) |
4.16($1039) |
| Closed Up |
1045(46%) |
1211(49%) |
1281(51%) |
1217(50%) |
1256(52%) |
6010(50%) |
| Closed Dn |
1210(53%) |
1236(50%) |
1177(47%) |
1202(49%) |
1104(46%) |
5929(49%) |
| Closed Uchg |
33(1%) |
43(2%) |
38(2%) |
29(1%) |
45(2%) |
188(2%) |
| Gapped up |
255(11%) |
287(12%) |
305(12%) |
266(11%) |
265(11%) |
1378(11%) |
| Un-filled Gaps Up |
94(37%) |
114(40%) |
126(41%) |
89(33%) |
113(43%) |
536(39%) |
| Gapped Down |
329(14%) |
301(12%) |
254(10%) |
276(11%) |
249(10%) |
1409(12%) |
| Un-filled Gaps Down |
146(44%) |
120(40%) |
87(34%) |
95(34%) |
84(34%) |
532(38%) |
| Daily Percent Change Summary for Copper(CMX) |
UNCH |
>0%-
<1% |
+1%-
<2% |
+2%-
<3% |
+3%-
<4% |
+4%-
<5% |
+5%-
<6% |
+6%-
<7% |
+7%-
<8% |
+8%-
<9% |
+9%-
<10% |
+10%-
<20% |
>+20% |
| 188 |
3284 |
1633 |
660 |
252 |
107 |
39 |
19 |
7 |
6 |
1 |
2 |
0 |
<0%-
>-1% |
-1%-
>-2% |
-2%-
>-3% |
-3%-
>-4% |
-4%-
>-5% |
-5%-
>-6% |
-6%-
>-7% |
-7%-
>-8% |
-8%-
>-9% |
-9%-
>-10% |
-10%-
>-20% |
<-20% |
| 3319 |
1601 |
598 |
237 |
85 |
45 |
23 |
15 |
1 |
2 |
3 |
0 |
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The table below represents yearly low, high, last yield in the cash market for the
CMX Copper futures contracts. Quotes are from daily cash market price activity.
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| Copper: High Grade/Scrap #2 wire - Jan 13, 2023 |
|---|
| |
Period Low(Jan-Dec) |
Period High(Jan-Dec) |
Last Day |
Average |
| Year |
Date |
Price |
Date |
Price |
Date |
Price |
Price |
| 2022 |
07/14/2022 |
321.05 |
03/04/2022 |
492.90 |
12/30/2022 |
380.55 |
400.28 |
| 2021 |
02/02/2021 |
353.90 |
05/11/2021 |
477.85 |
12/31/2021 |
445.50 |
424.99 |
| 2020 |
03/23/2020 |
211.95 |
12/18/2020 |
362.85 |
12/31/2020 |
351.40 |
280.60 |
| 2019 |
09/03/2019 |
251.25 |
04/17/2019 |
297.55 |
12/31/2019 |
279.40 |
272.14 |
| 2018 |
08/15/2018 |
255.70 |
06/08/2018 |
329.30 |
12/31/2018 |
262.80 |
292.26 |
| 2017 |
01/03/2017 |
248.10 |
12/28/2017 |
328.60 |
12/29/2017 |
327.95 |
280.71 |
| 2016 |
01/15/2016 |
193.95 |
12/05/2016 |
268.90 |
12/30/2016 |
249.75 |
219.96 |
| 2015 |
11/23/2015 |
201.95 |
05/12/2015 |
295.05 |
12/31/2015 |
212.55 |
250.39 |
| 2014 |
12/26/2014 |
283.55 |
01/02/2014 |
343.15 |
12/31/2014 |
283.85 |
311.73 |
| 2013 |
06/24/2013 |
302.60 |
02/01/2013 |
377.55 |
12/31/2013 |
344.15 |
333.79 |
| 2012 |
06/08/2012 |
328.35 |
02/09/2012 |
397.45 |
12/31/2012 |
364.10 |
361.22 |
| 2011 |
10/20/2011 |
305.45 |
02/14/2011 |
462.30 |
12/30/2011 |
343.15 |
399.94 |
| 2010 |
06/08/2010 |
277.25 |
12/31/2010 |
443.95 |
12/31/2010 |
443.95 |
343.40 |
| 2009 |
01/22/2009 |
138.10 |
12/31/2009 |
332.75 |
12/31/2009 |
332.75 |
236.94 |
| 2008 |
12/24/2008 |
124.75 |
07/02/2008 |
407.75 |
12/31/2008 |
139.50 |
312.50 |
| 2007 |
02/05/2007 |
240.45 |
05/03/2007 |
377.20 |
12/31/2007 |
303.05 |
322.85 |
| 2006 |
01/20/2006 |
213.00 |
05/23/2006 |
407.55 |
12/29/2006 |
285.40 |
309.67 |
| 2005 |
01/04/2005 |
139.50 |
12/27/2005 |
228.00 |
12/30/2005 |
216.15 |
168.48 |
| 2004 |
01/07/2004 |
106.25 |
12/28/2004 |
154.25 |
12/30/2004 |
148.70 |
129.28 |
| 2003 |
04/03/2003 |
70.90 |
12/31/2003 |
104.30 |
12/31/2003 |
104.30 |
81.09 |
| 2002 |
01/02/2002 |
65.30 |
06/04/2002 |
78.35 |
12/31/2002 |
69.70 |
71.64 |
| 2001 |
11/07/2001 |
60.40 |
01/18/2001 |
86.70 |
12/31/2001 |
65.30 |
72.52 |
| 2000 |
04/17/2000 |
74.20 |
09/12/2000 |
92.85 |
12/29/2000 |
84.65 |
83.93 |
| 1999 |
02/22/1999
03/15/1999
03/16/1999
03/18/1999
03/19/1999 |
61.00 |
09/29/1999 |
88.00 |
12/30/1999 |
85.25 |
72.23 |
| 1998 |
12/11/1998
12/14/1998
12/17/1998
12/18/1998
12/21/1998
12/22/1998
12/23/1998
12/24/1998
12/28/1998 |
65.00 |
04/15/1998 |
86.00 |
12/31/1998 |
66.00 |
75.03 |
| 1997 |
12/26/1997
12/29/1997
12/30/1997
12/31/1997 |
77.00 |
06/11/1997
06/16/1997
06/18/1997
06/19/1997 |
122.00 |
12/31/1997 |
77.00 |
103.48 |
| 1996 |
07/15/1996
09/12/1996
09/16/1996
09/23/1996 |
87.00 |
05/08/1996
05/13/1996 |
130.00 |
12/31/1996 |
103.00 |
105.95 |
| 1995 |
10/18/1995 |
121.00 |
01/19/1995
01/24/1995 |
149.00 |
12/29/1995 |
126.00 |
136.30 |
| 1994 |
01/07/1994 |
84.50 |
12/01/1994
12/02/1994
12/15/1994
12/16/1994
12/28/1994
12/29/1994
12/30/1994 |
143.00 |
12/30/1994 |
143.00 |
111.58 |
| 1993 |
11/16/1993
11/17/1993
11/18/1993
11/29/1993 |
79.00 |
01/08/1993 |
110.50 |
12/30/1993 |
86.00 |
91.45 |
| 1992 |
01/14/1992 |
97.44 |
07/16/1992 |
120.00 |
12/31/1992 |
105.50 |
107.22 |
| 1991 |
05/31/1991 |
100.25 |
01/02/1991 |
122.00 |
12/31/1991 |
101.25 |
108.44 |
| 1990 |
01/30/1990 |
99.12 |
09/12/1990 |
138.65 |
12/31/1990 |
120.00 |
121.70 |
| 1989 |
12/11/1989 |
102.75 |
01/17/1989 |
163.00 |
12/29/1989 |
109.00 |
129.33 |
| 1988 |
02/26/1988 |
93.50 |
12/08/1988
12/09/1988 |
168.00 |
12/30/1988 |
156.75 |
118.77 |
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