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COPPER trade ideas

Copper Chart Analysis🚀 Copper Breakout Potential 🚀 Asset: Copper ($3.86318) 1. Mirroring Silver : Copper, like Silver, has formed a symmetrical triangle pattern, but with a shorter timeframe of 2.5 years. This pattern similarity across assets can be significant. 2. Crucial Zone : Copper is currently trading within a narrow range near its resistance level. This zone highlights the impending breakout decision. 3. Breakout Trigger : A convincing break above the 3.89 level would confirm the triangle breakout and signal potential bullish momentum. 4. Upside : If the breakout is sustained, Copper could climb towards the 4.20 - 4.44 range. These levels might act as potential resistance areas. 5. Consolidation Alternative : Failure to break above 3.89 might lead to consolidation between 3.67 and 3.90, indicating a period of reassessment by traders. 🚨🚫 Disclaimer: This analysis is for educational purposes only and not financial advice. The author is not a SEBI-registered financial advisor. It is recommended to conduct thorough research and consult certified financial professionals before making investment decisions. #Copper #BreakoutChart #TechnicalAnalysis 📊📈🔍
CAPITALCOM:COPPERLong
by Mr_Chartist_
Bullish signs for COPPERBased on my analysis, the price of copper has successfully breached a crucial resistance level, signaling a potential trend reversal. The price has made 4 attempts to break through the resistance line before finally pushing through, followed by a retracement and a bounce off the newfound support. Interestingly, a huge spike in trading volume coincided with the same trading day of this bounce. To further support my idea of a reversal, a Golden Cross has formed, where the 50-day moving average has crossed above the 200-day moving average. This widely recognized bullish indicator suggests a positive shift in market sentiment. Thank you for viewing my idea.
FX:COPPERLong
by turtlebuster
1
Dr. Copper Sets Sights on Higher LevelsDr. Copper has recently demonstrated signs of strength, largely attributed to China's stimulus measures. This price surge is occurring within a pattern of consistently higher lows since the lows of 2023. It's important to highlight that this upward momentum previously broke through the downtrend line stemming from the highs of 2023. Following its breakthrough of the $3.82 resistance level yesterday, attention is now focused on the potential for a sustained positive price trend. If the industrial metal maintains a price above $3.82 per pound, it could set its sights on the psychologically significant level of $4 and the resistance level established in August. These levels appear to be potential objectives worth considering in the near future.
PEPPERSTONE:COPPERLong
by Pepperstone
Copper's Upside PotentialCopper made a breakout of the 2023 downtrend and after the retest of the trend channel and 89 day moving average it is picking up again. Today's PMI numbers will be valuable for copper in the next few weeks. All of the EU, UK and US manufacturing PMIs jumped way more than expected. US manufacturing PMI even past the 50 mark, meaning the economic activity in the US manufacturing sector is rising again. I expect manufacturing to make a comeback in 2024 after 2 years of slump. Latest China stimilus also has a positive affect on copper. The bad news is the copper supply is expected to rise this year. All in all, with the recovery of manufacturing and hopefully China, incoming rate cuts might give copper the fuel it need for a surge. My main target is 4.30 and stop will be 3 days below 89 day moving average (for now).
CAPITALCOM:COPPERLong
by orancapital
3
COPPER, Teasing a multi-weekly TOP GAINS soon! SEED!Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis. Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for long. Initial target is 5.0. Spotted at 3.80 SEED LONG. TAYOR. Safeguard funds always / not advice.
CAPITALCOM:COPPER
by JSAL
Copper may continue to move lower over the next weekCopper may continue to move lower over the next week It seems that the volatility of the price of gold is affecting the price of all metals. If we take a long-term view, we can see that all metals have started a downtrend. There is a high possibility that Copper will also decrease more in the following weeks. From a technical perspective, the price has just broken a strong level of the technical pattern and is expected to decrease even more until 3.6 You can find more details in the chart! Thanks and good luck!
VANTAGE:COPPERShort
by KlejdiCuni
1