Copper bullish biasPossible technical scenarios for copper to reach 4.3 in the next week. Stop-loss at 4.0
Copper
SellPlease consider proper support and resistance levels and trade with stop loss.
*Disclaimer: Herewith I just shares my view. Please trade with your own and comfortable views.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
Copper prices are facing bullish pressureCopper prices are facing bullish pressure from our first support in line with our 61.8% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
Copper prices are facing bullish pressure, potential bounce Copper prices are facing bullish pressure from our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
The case for CopperI don't normally invest in metals, but I am making an exception for copper. The price of copper cannot go down in the near future for two main reasons:
1. Supply and demand
2. Inflation/Economic Strain
The supply and demand side looks like this:
There are three principle users of copper currently, they are:
Electric component/part manufacturers (think copper wire)
Plumbing component manufacturers (copper pipes and fittings)
Industrial alloy manufacturers
The economic strain caused by inflation and poor monetary policy cannot be overlooked. At the same time that Copper is becoming harder to find in abundance cheaply, the underlying economies which support these mining efforts is undergoing what I see as a fundamental shift. To expand on this, consider the raw indicators of inflation (not the falsified Government provided ones). A quick review of the World Bank's "Pink Sheet" list of commodity prices *globally* reflects this issue.
I recommend a starter position on Copper to the up-side. Copper is a very slow moving instrument, so you will likely find better returns elsewhere, but this is one metal which has historically been needed and with the push for electric vehicles, and new power generation technologies, demand alone will cause the price of copper to appreciate over the years to come.
Pinksheet list (remove spaces): https: //www.world bank.org/en/ research/commodity- markets
🐂 Freeport FCX inflation trade - Bullish flagHi mates NYSE:FCX is perfect setup for long in bullish flag
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 33.80
Stop Loss: 32.45
Profit target: 43.60
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Copper prices are approaching support, potential bounce Copper prices are approaching our first support in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Stochastic is testing our support at 7.55 as well where we could see a bounce above this level.
Copper prices are testing support, potential bounce Copper prices are testing our first support in line with our 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are approaching support, potential bounce
Copper prices are testing our first support in line with our 38.2% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are facing bullish pressureCopper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are approaching resistance, potential reversal Copper prices are facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. Stochastic is approaching resistance as well, in line with our bearish bias.
COPPER (XCU/USD) – Week 13 – Important resistance ahead.Copper traded low all throughout this past week and at the moment looks like it is heading towards our resistance area.
In the coming days, we are expecting the Copper price to increase until it will hit the $4.2 level. Thereafter, we anticipate the resistance area to hold and push the price down towards the liquidity pool, in order to finish the correction that started at the beginning of March.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper prices are testing support, potential bounceCopper prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement and our graphical support area and 61.8% fibonacci extension, where we could see a bounce above this level to our first resistance target. Stochastic is approaching support as well, in line with our bullish bias.
Copper prices are approaching support, potential bounce Copper prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement and our graphical support area and 61.8% fibonacci extension, where we could see a bounce above this level to our first resistance target. Stochastic is approaching support as well, in line with our bullish bias.
Copper technical analysis I will follow the trend during the next days to see which way it will break the triangle. My overall sentiment is bullish
Copper prices are testing support, potential bounceCopper prices are facing bullish pressure from our first support level, in line with our 50% fibonacci retracement and our graphical support area where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
An Idea in Havells is to have a short term bearish gain.The price seems to move in a range bound fashion for few days and a strong reaction on a parallel channel is a possibility where this shared idea realizes
Copper prices could see a further upside Copper prices are facing bullish pressure from our first support level, in line with our 23.6% fibonacci retracement, graphical support area where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our take profit target.
COPPER (XCU/USD) – Week 12 – Bearish move expectedCopper moved slowly the entire week and at the moment the consolidation looks like it is almost complete.
In the coming days, we are expecting the price to test the resistance area before starting a bearish move towards the liquidity pool located around the 3.80 area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is facing bullish pressure Copper prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement, graphical support area where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
