(CPER) United States Copper - Ratings and Ratios

The United States Copper Index Fund LP (NYSE ARCA:CPER) is an exchange-traded fund that aims to track the performance of copper futures contracts listed on the Commodity Exchange, Inc. (COMEX). By investing in these futures contracts, the fund provides investors with exposure to the copper market, allowing them to capitalize on potential price movements.

The funds underlying benchmark, the SCI, is designed to reflect the returns of a portfolio of copper futures contracts. This means that the funds performance is closely tied to the fluctuations in copper prices, making it a suitable investment for those looking to gain exposure to the commodity. With a current AUM of $160.98M USD, the fund has a sufficient size to provide liquidity to investors.

From a technical analysis perspective, the funds current price is $29.41, which is slightly below its 20-day SMA of $29.50 and 50-day SMA of $29.91. The 200-day SMA is at $27.62, indicating a longer-term uptrend. The ATR is $0.88, representing a 2.98% daily volatility. Given the current support and resistance levels, with resistance at $31.7 and support at $29.2, $27.4, $26.4, and $25.6, a potential trading range can be established.

Based on the technical and fundamental data, a forecast for CPER can be made. With the current price hovering around the 20-day and 50-day SMAs, a breakout above $31.7 could signal a continuation of the uptrend, potentially driven by increasing demand for copper in various industries. Conversely, a drop below $29.2 could indicate a correction, with potential support at lower levels. Considering the copper markets fundamentals and the funds performance, a potential price target could be $33.50 in the next 6-12 months, assuming a continued uptrend in copper prices. However, a decline to $25.6 could occur if the market experiences a downturn.