Copper (HG=F)

For Copper, drawdown measures the percentage decline from its all-time high closing peak of $6.74 /lb (reached on Sep 10, 2026) to its latest daily close of $6.69 /lb: (($6.69 /lb - $6.74 /lb) / $6.74 /lb) × 100 = -0.74% Calculations use official daily settled closes to filter out intraday wick noise. The drawdown only resets to 0.00% when a new settled close surpasses $6.74 /lb.

Measuring from Copper's all-time high closing price of $6.74 /lb: • -5% Dip: Triggers at $6.40 /lb • -10% Pullback: Triggers at $6.07 /lb • -20% Correction: Triggers at $5.39 /lb • -20% Bear Market: Triggers at $5.39 /lb At its latest close of $6.69 /lb (-0.74%), Copper is currently in Minor Dip territory (Mild spot price fluctuation within normal trading ranges (< 5% dip).).

From its current drawdown of -0.74%, Copper must gain +0.7% from its current price of $6.69 /lb to break even back at its all-time high of $6.74 /lb. Because losses compound on a reduced capital base, the recovery gain required always exceeds the drawdown percentage. For example, on a hypothetical $1,000 capital base at today's price, returning to prior all-time highs equals $1,007.47 (a +$7.47 recovery increase). This mathematical illustration is for educational purposes only and does not constitute a profit forecast, return guarantee, or investment recommendation.

Over the last 10 completed calendar years, Copper experienced an average intra-year pullback of -19.3%, taking an average of 98 calendar days to reach bottom from its intra-year peak. The deepest single-year decline occurred in 2022 with a -34.8% drop, while the mildest year was 2016 with a pullback of only -7.1%.

Over the last 10 completed calendar years, the deepest intra-year drop for Copper occurred in 2022, falling -34.8% from $5.03 /lb on Mar 6, 2022 down to a trough of $3.28 /lb on Jul 14, 2022. It took 130 calendar days from peak to bottom. Comparing the current drawdown of -0.74% to this 10-year extreme highlights where today's price sits relative to its worst modern cycle.

You can configure automated email alerts for Copper at any custom drawdown threshold (such as -5%, -10%, -20%, etc.) or for All-Time High (ATH) recovery. Alerts are evaluated once daily against official settled closing prices to filter out intraday wick noise. When your selected threshold is crossed or when Copper reclaims peak valuation, Drawdown Tracker dispatches a notification to your email with a 24-hour cooldown between repeated alerts.