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CFDs on Copper

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COPPER trade ideas

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.
OANDA:XCUUSDLong
by financialflagship
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.
OANDA:XCUUSDLong
by Tickmill
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.
OANDA:XCUUSDLong
by Tickmill
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.
OANDA:XCUUSDLong
by Tickmill
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.
OANDA:XCUUSDLong
by Tickmill
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.
OANDA:XCUUSDLong
by Tickmill
Copper sell the break setup.Copper - Intraday - We look to Sell a break of 34580 (stop at 34910) Trend line support is located at 34850. Daily signals for sentiment are at overbought extremes. A break of 34600 is needed to confirm follow through negative momentum. A higher correction is expected. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Our profit targets will be 33510 and 33110 Resistance: 35000 / 35300 / 35600 Support: 34900 / 34600 / 34000
FX:COPPERShort
by Signal_Centre1
Copper to move lower.Copper - Intraday - We look to Sell a break We are trading at overbought extremes. With signals for sentiment at overbought extremes, the rally could not be extended. A higher correction is expected. Rallies should be capped by yesterday's high. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Short term MACD has turned negative. Our profit targets will be 33510 and 32850 Resistance: 34800 / 35000 / 35200 Support: 34600 / 34200 / 34000
FX:COPPERShort
by Signal_Centre1