COPPER trade ideas
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level would see a further rise up to our first resistance target.
COPPER - Week 53 - Medium term consolidation periodCopper lost some of its gains at the beginning of last week as the price went down and bounced off the trendline. Taking into consideration that we are in a strong bullish trend we expect the market to consolidate at any point in order to make more room for upside. As per our previous analysis, a short-term bearish sentiment is on the radar. We can see the Copper breaking the top again in order to create a “stop hunt” area, but we expect more downside to come in the near future. Don’t jump in any trade if you don’t have a clear setup.
Trade safe & a Happy New Year!
Best regards,
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
XCUUSD reversed from resistance, potential for drop!Price is facing bearish pressure from our first resistance where a potential drop towards our first support target could be expected. Also, price is trending under a descending trendline, and the MACD is showing bearish pressure in line with our analysis.
Cooper 1W Double Bottom Parallel ChannelCopper 1W In the weekly chart i see a double bottom which already broke it's neck line, but I'm also thinking about that it might be as well a rising parallel channel which has a false breakout during the first moments of covid and it's now reaching its top, if it corrects the price the same way it did before it may go heading to a resistance that also matches the bottom of the parallel channel. Comments?
Copper 4H LongIn the 4H chart the price is moving in a rising parallel channel and it's now at the bottom of it, the potentiall target is around 3.82. In the weekly chart the price broke double button which has an objective of around 4.7000
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Also, price has recently broke out of a descending trendline and is showing bullish momentum on the ascending trendline
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support where a potential rise towards our first resistance target could be expected. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Stochastic and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
XCU/USD - Week 51 - Wait for your buy setupsCopper set further year-to-date highs during Friday’s trading session in anticipation of an US economic stimulus package and we expect the price to continue the bullish trend after a short-term correction. We will wait for a reaction around the trendline. Don’t jump in any trade if you don’t have a clear setup.
Trade with care!
Financial Flagship
Disclaimer: The analysis provided is just informal and it should not be used as financial advice. You need a plan before you trade, but we assume this can help you have a better idea to where the market is heading next.
Copper is approaching support, potential bouncePrice is approaching our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.
Short on copper
Daily trend positive, but moving into a possible range
Non perfect gravestone doji at resistance
Confirmed through doji on 15 minute
Short to bottom of range and watch for breakthrough or ranging back up
Might get stuck or bounce back at 3.5421
Stop above 3.5601
Initial target 3.4966
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support where we could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 8.18 as well, in line with our bullish bias.
Copper is facing bullish pressure from support Price is facing bullish pressure from our first support where a break above our upside confirmation level could see a further rise up towards our first resistance. It is worth noting that the price is still holding above the ascending trendline and Stochastic is facing bullish pressure from our support at 21.74 as well, in line with our bullish bias.
Copper is testing support, potential bounce Price is testing our first support at 3.58653 where we could see a potential bounce at this level and further rise up towards our first resistance at 3.65145. It is worth noting that the price is still holding above the ascending trendline and the Ichimoku cloud, showing bullish pressure in line with our bullish bias.
Copper is heading towards support, potential rise!Price is approaching our first support at 3.58653, in line with our 38.2% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback support, where we remain bullish above this level. We could see a potential bounce at this level and further rise up towards our first resistance at 3.65145, in line with our 78.6% Fibonacci extension and -27.2% Fibonacci retracement. It is worth noting that the price is still holding above the ascending trendline and the Ichimoku cloud, showing bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper is facing bullish pressure, potential for further rise!Price has just bounced off our first support in line with our 38.2% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. We expect a possible further rise up to our first resistance at 3.57843, which is in line with our 61.8% and 78.6% Fibonacci extension levels. It is also worth noting that price is holding above both our ascending trendline and the Ichimoku cloud, which shows bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper is heading towards support, potential rise!Price is approaching our first support in line with our 50% Fibonacci extension, 38.2% Fibonacci retracement and horizontal overlap support, where we remain bullish above this level. A small bounce and then a further rise above first support at 3.50954 towards first resistance at 3.57843 could be possible. It is also worth noting that RSI remains above the ascending trend line, which shows bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper is facing bullish pressure, potential for further risePrice is facing bullish pressure from our first support in line with our 61.8% Fibonacci extension, 76.4% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. A further rise above first support at 3.47033 towards first resistance at 3.52870 could be possible. It is also worth noting that RSI has just bounced from the support level at 35.09, which shows bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper is approaching support, potential for a further rise!Price is approaching our first support in line with our horizontal overlap support and 38.2% Fibonacci retracement, where we remain bullish above this level. A short term rise above first support at 3.50883 towards first resistance at 3.57843 could be possible. It is also worth noting that price is now above EMA (55), which shows bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
