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Xcuusd (Copper)

CPER: United States Copper ETFBecause of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. CPER ETF seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total ReturnSM (the “SCI”), less CPER’s expenses. M timeframe BEAR W timeframe BULL FIB retracement 61.8 acts as support BULL INVESTORS too negative about global growth BEAR GROWTH continues with but with slower rate BULL RSI W oversold with divergence BULL MACD divergence with bears loosing momentum BULL DXY index too appreciated expecting dollar weakness which would be good for commodities BULL RRR favorable BULL EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account. Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies. Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk. Single trading account Trade in 50+ markets in the US, Europe and Asia — from your all-in-one multicurrency account on any device www.exante.eu
AMEX:CPERLong
by EXANTE-TOG
Copper: Buy Opportunity after a successful 1M Support test.Copper has touched the 1M Support (2.5400 - 2.5300) on the first week of August and has been rising since. This indicates that this long term demand level may once again accumulate long term buyers. It is still though on the early stages as 1D remains mostly on neutral grounds (RSI = 46.067, Highs/Lows = 0.0016, MACD = -0.018) so investors still have time to enter. The Resistance levels on 1D are two: 2.74500 provided by the MA200 and 2.8000 - 2.84000 provided by the symmetrical Resistance Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:XCUUSDLong
by InvestingScope
Dr Copper sending a sign of a potential recession?If you follow my work, I believe a recession is coming...and could be a reason the Fed is cutting. Check out my posts on the recession signal and the US Dollar linked below. This sets up the potential confidence crisis that I talk about in my bitcoin and gold posts and why these assets will likely go higher. We are told we are in the strongest economy ever...yet it is so strong that we need to cut interest rates. According to economics, when the economy is strong and overheating, you RAISE interest rates. While cutting is used when the economy is weak. Again, check out my work on how this is leading to a confidence crisis as central banks and the keynesian economists cannot admit their policies failed and were wrong. It is all about maintaining confidence by way of having an excuse to save face (geopolitical). Once market participants know QE will be the norm, the confidence in government, banks and the fiat money will begin to wane. We know there is a major yield inversion which generally predicts recessions. The yield curve is pretty much inverted but the financial media keeps touting the spread between the 2 year and 10 year yield which has not inverted yet. We are about 9 spreads away before inversion. Once this happens, the media cannot hide the yield inversion anymore. It tells us that people are worried and uncertain about the future. Copper is also known as Dr Copper, as it shows us a sign of the world economic health. Copper is used in infrastructure and building homes etc. China's large building boom accelerated coppers demand. Now we are at the point where it seems the world economy is slowing down. Again a lot of signs showing recession such as bond yields, bad data such as PMI (which tells you what is coming, rather than CPI, which tells us what has already happened: the future vs the past). Others also point to Oil recently. Oil can tell us things are slowing down too. Oil can remain buoyed however due to geopolitical tensions. Copper is at a very interesting support area right now. You can see a head and shoulders within a head and shoulders...although I would be quick to point out that the second head and shoulders (within the larger head and shoulders) is not a true head and shoulders since they need to appear either at an uptrend or downtrend. But the larger head and shoulders pattern is valid. So let us watch this 2.50 zone it is very important. A nice break below can take us to 2.20 and then a break below 2.00 can take us much lower.
OANDA:XCUUSDShort
by Uncharted-FX
4
Copper reacts after bullish engulfing formsOANDA:XCUUSD Trade Ideas Copper (spot) - Intraday - We look to Buy at 2.6650 (stop at 2.6450) Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned. Trading inside the Daily Ichimoku Cloud. Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. The reaction higher is positive and highlights a clear reversal. Further upside is expected although we prefer to set longs at our bespoke support levels at 26650, resulting in improved risk/reward. Our profit targets will be 2.7250 and 2.7500 Resistance: 2.7000 / 2.7250 / 2.7500 Support: 2.6650 / 2.6500 / 2.6150
OANDA:XCUUSDLong
by Signal_Centre
"Top and Bottom Analysis" Copper (XCUUSD) by ThinkingAntsOk4H Vision Explanation: - Price broke the Descending Trendline and started an up move. - It has potential to go up towards the Major Resistance Zone at 2,96767, being careful with the Middle Support Zones. - However, the Bearish Divergence on MACD could be anticipating a Pullback to the broken Resistance Zone that is now a Support Zone. We are also long in our Weekly and Daily Vision. Weekly Vision: Daily Vision:
OANDA:XCUUSDLong
by ThinkingAntsOk
2