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Coppersetup

0506 COPPER could down to new low soonHello traders, The significant drop in copper prices since May 2024 can be attributed to the overall correction in global commodity prices and the influence of macroeconomic factors. Copper prices, which have historically been a crucial indicator of the global commodity market, have seen a substantial downward trend since May. Check on the weekly right chart, it could make a new low down to FIBO 618 position where is also a support structure. On 4h chart, we could wait for a new sideways price action before new entry to confirm selling signal, down to test target zone around 4.2471 . GOOD LUCK! LESS IS MORE!
FX:COPPERShort
by FUNTRADER-Vera
HG | Copper Futures | Short - SELLWaiting for rejection off the liquidity zone. Selling only after the break below the HMA and the retest of the liquidity zone. The break below the HMA has already happened. In the area of the retest of the liquidity zone at the moment. Looking to sell from that zone. Trading this off a higher timeframe as this is a 3 week swing at the least **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management*
COMEX:HG1!Short
by MOGBEBOR
1
Copper Prices on the Rise - Do Your Research Before You T Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions. Copper is a key economic indicator, and its demand is expected to rise. However, the market can be volatile. Here are some resources to help you make informed decisions: • Copper price charts and analysis • Information on copper trading risks Remember, successful trading requires research, understanding your risk tolerance, and aligning your strategy with your goals
AMEX:COPXLong
by bryandowningqln