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CFDs on Copper

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COPPER trade ideas

Heading into 38.2% Fibonacci resistance?COPPER is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3037 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 4.3876 Why we like it There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 4.2133 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
1
Copper Breakout: Bullish Trend After 0.6Fib RetracementI’ve initiated a long position in Copper after a successful retracement to the 0.6 Fibonacci level, which triggered my entry. The bullish trend looks solid, and I am targeting the 0.7 Fibonacci level for my take-profit (TP), aligning perfectly with my point of interest around the 4.800 level. As of now, Copper is facing resistance in the 4.300–4.400 price zone, but a breakout here will prompt me to adjust the stop-loss (SL) and take partial profits. Until the breakout occurs, the trade criteria remain as shown in the chart. Technical Analysis: • Entry: Near the 0.6 Fibonacci retracement level. • Target (TP): 4.800 (aligned with the 0.7 Fibonacci level). • Stop-Loss (SL): To be adjusted after a clean breakout above 4.400. • Market Structure: The price has respected the Fibonacci retracement levels and is set for a potential breakout to the upside. The bullish trend remains intact, supported by clean retracement patterns. Fundamental Outlook: Copper prices have been fluctuating due to external factors, including China’s economic measures, which have helped support the market. However, half of those gains have retraced as market participants begin to question the scale of the stimulus. Despite this, the long-term view for Copper remains bullish, especially with solid demand linked to the energy transition and rising input costs. Additionally, factors like U.S. rate cuts and China’s fiscal policies will play a key role in driving future demand. The current short-term outlook remains dependent on stimulus from China, as well as the timing and impact of U.S. rate cuts. Should demand recover, Copper could potentially rally towards the 4.800 level as targeted. Risk Management: • The SL will remain flexible, adjusted accordingly based on the price action and breakout strength. • Partial profits will be taken in the 4.400 range, with the remainder held for the final target at 4.800. • The position is managed carefully to avoid exposure to market volatility in the lower ranges. Always remember to Pay Yourself by taking partial profits when the trade moves in your favor! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
VANTAGE:COPPERLong
by AR33_
6
Copper to $8/lb Why Not? Send it. Copper could easily pop to $6,7,8,9,10 per pound in a very short time frame. Part of that equation is how worthless the dollar is. Most of the equation is just how useful copper is. At this point, it's purely a basis of mathematics. Human civilization needs copper. It's scarce. Recycling isn't cheap. I could go on and on and on about this. Electricity is what brings these Trading View ideas to you. Copper allows that to happen. DYOR. Trade Slick.
CAPITALCOM:COPPERLong
by kyleruzek
Copper - The impact of China's support packagesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. As long as copper is in the range, selling at the ceiling and buying at the bottom of the range will be recommended. If copper falls due to the release of today's economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend starts and the ceiling of the range is broken, it is possible to sell copper in the specified supply zone. Chinese banks have recently reduced interest rates on existing mortgage loans, which amount to a total of 25.2 trillion yuan. This move aims to support the real estate market and bolster China’s economy. Meanwhile, the CEO of Maersk stated that they do not expect to navigate the Red Sea efficiently until 2025. Additionally, they see no signs of a decline in global demand or transaction volumes in the coming months. Maersk, one of the largest shipping companies in the world, was founded in Denmark in 1904 and is known for its extensive operations in maritime shipping, logistical services, transport, and financial services. On Tuesday, the World Bank reported that global commodity prices are projected to drop to their lowest in five years by 2025. In its latest Commodity Markets Outlook (CMO), the bank noted that despite this decline, overall commodity prices will remain 30% higher than five years before the COVID-19 pandemic. Although forecasts vary by commodity, improved supply conditions are cited as a key factor in the overall price reduction. A Reuters survey predicts that the global economy will grow by 3.1% in 2024 and 3.0% in 2025. These figures mark a change compared to the July survey, which projected 3.1% growth for both years. According to a recent analytical note from Bank of America, U.S. non-farm payrolls (NFP) for this month are expected to increase by around 100,000 jobs, a significant decrease from the 254,000 jobs added in September. This decline is primarily attributed to disruptions caused by Hurricane Milton and the Boeing workers’ strike, which likely reduced job opportunities and working hours.
CAPITALCOM:COPPER
by Ali_PSND
Copper prepares for the takeoffCopper is consolidating at the support zone, preparing for the upswing. November-December are the best seasonal months for this commodity according to the 15-year seasonal historical studies. Metals group is being pushed higher amid the "soft landing" narrative starting to evolve in the markets. Precious metals are already on the move, Copper might be next. Today is the second day of recovery which gives a decent timing for building a long position with a first target of $4.7, and next possible targets above this area. Don't forget - this is just the idea, always do your own research before taking any risk.
CAPITALCOM:COPPERLong
by Stanislav_Bernukhov_Exness
Potential bullish rise?COPPER has reacted off the resistance level which is an overlap resistance and could rise from this level to our take profit. Entry: 4.3566 Why we like it: There is an overlap resistance level. Stop loss: 4.2689 Why we like it: There is a pullback support level. Take profit: 4.4561 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets
Heading into pullback resistance?COPPER is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 4.3566 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 4.4606 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 4.2603 Why we like it: There is an overlap support level that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERShort
by VantageMarkets
Copper Pulls Back as China Optimism FadesCopper extended the August rebound into autumn and reached three-month highs, helped by the Fed’s jumbo rate cut and massive stimulus from Chinese authorities aiming to prop the economy and the property sector. However the measures do little to address the structural problems and the real estate market is unlikely to return to its former glory, while the lack of follow through on the fiscal front this week caused prior optimism to subside. Furthermore, the Fed has struck a more cautious approach towards further easing and Friday’s strong jobs report supported the reserved commentary. Markets have now priced out previous aggressive bets for 75 bps of cuts this year, aligning with the Fed’s 50 bps projections. Copper pulls back as a result, threatening the EMA200 (black line) and the 50% Fibonacci of the recent recovery. A breach would pause the upside bias, send the non-ferrous metal into the daily Ichimoku Cloud and expose it to the ascending trend line from the August lows. Deeper correction however does not look easy under the current technical and fundamental backdrop. There are still hopes for additional Chinese stimulus (potentially within the weekend), while prospects of US soft-landing and easier monetary policies in major economies can support higher prices. So do the AI boom and the green energy transition. Copper tries to defend the EMA200 that maintains its recovery momentum. This will allow it to push again towards 4.791, but we are cautious around further strength at this stage. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM