Crude Oil, Precious Metals, Copper Outlook

Crude Oil

Commodity markets were mixed today as traders weighed technical signals and upcoming economic data. Crude oil futures posted one of the strongest performances on the board, gaining over 3%, while coffee, cattle, and cocoa also finished higher.

Precious Metals

Precious metals remained under pressure, with gold falling 1.74% and silver losing more than 4%. Equity index futures were weaker, with the E-mini S&P 500 and Nasdaq both declining, while Bitcoin also traded lower.

Trend indicators continue to favor the upside in several commodity sectors, including copper, crude oil, natural gas, soybeans, and cotton, suggesting the broader commodity complex remains supported despite recent volatility.

Copper

Copper continues to attract attention from a technical perspective. According to the latest PriceCounts analysis, December Copper is firming for a possible retest of the August highs. Should prices establish new sustained highs, the market could target the next upside PriceCount objective near the 7.54 level.

Important Date: September 24th

Traders will also be monitoring a busy economic calendar on September 24, featuring the ECB Economic Bulletin, German Ifo Business Climate data, U.S. Unemployment Claims, New Home Sales, Natural Gas Storage figures, and multiple speeches from Federal Reserve officials. These events could provide fresh direction for currencies, equities, energy markets, and industrial metals heading into the end of the week.

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December Copper

December copper is firming back for a possible challenge of the August high. At this point, new sustained highs would project a possible run to the second upside PriceCount objective to the 7.54 area.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. 

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at https://www.qtinfo.com/analysis/qt-chart-of-the-day/

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for Sept. 24th

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

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Daily Levels for September 24th, 2026

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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